88E 0.00% 0.2¢ 88 energy limited

Time to crack this nugget back up again guys.With all the recent...

  1. 4,170 Posts.
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    Time to crack this nugget back up again guys.

    With all the recent disappointments what is still holding is the 2020 low implying trend still intact but very weak due to deep retracement. So there's at least a 10% chance of life yet still in this.

    This is potentially the corrective set up in play. Having seen this set up back in July I got back in way too early and had forgotten about the seasonality of this stock.

    TA: TBD

    https://hotcopper.com.au/data/attachments/4928/4928581-390c954c5d70558a3c77e2b1293ccd77.jpg

    Based on above I would be happy if it just closed the 3.3c gap and no I don't know which exchange is best to read that price ASX or CXA as long as the P&L is showing green.

    Also was a bit early on the oil call. I think now oil is showing a firmer basing set up with MACD & RSI at higher lows. The only point contradicting this view atm is that everyone is calling recession next yr. I think we're headed there but it'll be a slow bleed with employment very stick still and I've noticed oil leads (+-) 6months macro not follows.

    https://hotcopper.com.au/data/attachments/4928/4928602-0b3a7f1b588d543554ac7f58572e484f.jpg

    The risk here is we're not clear on how a CR will affect prices in the next 3 months but at least the clock is ticking and will force their hand on that soon.

    All the best for Chrissy.

    MK.
 
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Mkt cap ! $57.78M
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307 1199858941 0.1¢
 

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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
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