Low Float, Testing Key area of resistance, if it breaks through it's Blue Sky's, can be heavy resistance and we see it go back down. War as the catalyst driving the price of everything up :)
Have a Happy Day.
VAALCO Energy, Inc. engages in the acquisition, development, and production of crude oil. It operates through the following segments: Gabon and Equatorial Guinea. The Gabon Segment focuses on the Offshore Gabon-Etame Marin Permit operation. The Equatorial Guinea segment deals with the Equatorial Guinea-Block P operation. The company was founded by Virgil A....
****KEEP STRONG WATCH ON THIS STOCK IT HAS TWO HUGE STIMULANTS BEHIND IT AS LISTED BELOW, PLEASE HAVE A LOOK AT THE ENORMOUS POTENTIAL THIS COULD OFFER IN THE NEXT 12 MONTHS*
SHARE REPURCHASE
VAALCO Energy, Inc. (EGY) today announced that its Board of Directors has authorized a stock repurchase program under which the Company can repurchase up to $10 million of...
EGY is forming a bullish pennant flag. This is confirmed with an approximate price consolidation within the red triangle on the chart. Interesting part is that the flag intersects the day after earnings. Implying a nice setup.
EGY will form a death cross either later in the trading session today or early tomorrow. Set a stop loss at 1.59 and rebuy on the rebound at 1.55. There's a huge potential floor beneath this. Long in the mid term, short in the short term.
So I've been wrong on this one before, but I've also been right on this one before. EGY MIGHT be in the beginning stages of a triple bottom reversal. Thoughts?
EGY is in the early stages of consolidating into a high and tight flag formation along the support line following its most recent jump. Watch for a pop in mid to late next week.
