MATD trade ideas

henrymcivor

Petro Matad Ltd (MATD) #matd Gap fill to 5.25p A large gap to fill all the way up to 5.25p.

MaDasurfer

let's see your view in comment

MaDasurfer

let's see! what will happen

vcm11

5p is support area and great for entry opp if it ever comes again (bear in mind spread so at times it's best to buy at 5.10p / 5.15p) if 5p is lost then bail as it could get back to 2p. I would look for 7.5p-8p target for a profit slice once we close above 6.42p

vcm11 Updated 

Waiting for next swing, so far it's looking really good for a run towards 14.9p resistance and hoping to break with the right news. Holding from 10.8p 2nd entry.

vcm11

Held well above the 50% fibs and now above the 20ma. Looking good for a move as CCI is pushing higher at moment.

vcm11

Bought previously at 8p and sold at 12.4p, now back in at 10.81p with a bigger target of 19.62p 10.5p is very good support where the 50% fibs lie.

vcm11

1st Target 19.42p Entry: 10.81p Profit over 85% Market Cap = $87.49m Wild Horse 290m barrel discovery NPV10 projected* estimate of ~$2.5 Billion = 28x required to reach NPV10 estimate for Wild Horse last week of Q1, 3D soon, Rig mobilisation and Drill updates due probably this week. Key points: 1. Mongolian Government is in alignment with #MATD*...