Patterns as a respected chartist, I want to poise the question if a chart can predict the future direction for an oil appraisal drill . All the chart has showed is a decline which in FA terms can be explained by the poor planning and unredineds to drill. Imo an uptrend started and we going to hit mid 20's soon.
However what I find annoying with you Chartists is that you can include down down share price when we are on the cusp of production and drilling a massive massive appraisal well at A3 and we have vast oil producible from A2 which was a surprised. Can you explain in laymans terms how you can predict future price or direction.
I think charting doesnt apply to drilling. Its a furphy.
I'll appreciate if chartist state their intentions.
The fact is three chartist Wh and Slick Gecko on board with daily charts tells me to load up the truck on one hell of an under valued stocks. This capping of share price based on charts is quite rubbishy and unfairly influencing share privr direction but these guys post on HC where the day trader hordes live....the pumper and dumpers. Imo
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