weekend lounge short term trading 30th-1st sep, page-37

  1. J8
    14,773 Posts.
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    Entry for STT list

    TA/FA long

    Challenger Energy. Shale gas South Africa.

    CEL has a massive project awaiting exploration approval from a positve government after the fracking ban was lifted last year. A recent placement raised a million dollars via a select group of current holders. Since then the SP has recovered well, hitting ten cents on Friday. Demand is expected to continue for this junior as th market sees the huge potential unfolding here. SA is shor of gas and this is the best and largest parcel , by far, held by any junior. the ground is proven, the estimates are huge. I lost faith with former management over failed US plans but that is now history. It is another early tip but a return to thirteen cents is possible short term. Check out the latest preso, it is very good.

    TA
    Already through a cup and handle formation but the longer term chart shows another shallower cup forming. Volume needed.
 
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