Thanks for ur charts Kevi, one of them im also watching closely.
Others worth watching: CEO. Another acquisition play similar to RTL. Difference is RTL is said to have a project already & is highly likely soon to be announced before GM next Fri, whereas CEO scrapped the previous IO project (SP subsequently punished) & the recent volumes seem to suggest that they may have found another suitable project target? With 3ml MC & 1ml cash, it has very limited downside.
GBP. On another expected red day, buying stock at support or just sitting on support trendline is more sensible. The support has been lifted to 19.5/20c IMO. With spudding date so close, I cant see it stay at current level for too long. Once the capper is gone, the upward momentum should resume in no time.
ROG. Potential gas-in-place of 8 TCF, spudding as early as this week. Majors (BG, Origin & Arrow) drilling nearby. The price has been under sustained selling pressure after issuing shares to the original permit holders for transferring interest & its currently just sitting above the last placement price of 3.6c. Its also sitting right under the downtrend line, so a breakout on strong volumes will be very bullish.
RTL. We are now only 3 trading days away from the GM on 29th, and it would make sense that price is pumped up to some degree prior to GM to make sure everyone is happy & brokers can then get their shares. So there could be strong interest returning this week in anticipation to the meeting. After last weeks selloff to 1.6c (61.8% retrace from low of 0.6 to high of 3.2 is at 1.5/1.6c, 1.5c is a major support level & sitting right on support trendline), RTL staged an impressive late rally to close at 2c in both days & formed a bullish Dragonfly Doji and a Hammer on the charts. This shows theres still considerable buying interest. Also note the sharp drop in volume, indicating that sellers may have dried up.
SGY. No techinicals will need to be discussed today as all eyes will be on the upcoming ann. Heres hoping for a strong gas show for loyal holders.
Also watching RER which showed resilience last Fri to close at 5.5c (up 0.4c). Looks like some strong interest is now taking position in anticipation to the UCTL technology testing in Feb.
Also like the looks of charts on ARO & MMZ, will keep a close eye on possible ascending triangle breakout in strong volumes on both. GL all JL
