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3.70% 2.8¢ provaris energy ltd

Well the heads now are also 1c.Had a look at the chart and the...

  1. mikey26
    2,883 Posts.
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    19/07/13
    12:49
    Post #: 12084547
    Well the heads now are also 1c.

    Had a look at the chart and the technicals are saying we will be breaking out soon imo.

    The low was hit on June 20, and since that time we have begun a small uptrend channel.

    A close of 1c today will show a breakout of the downtrend line, so do not be surprised to see buying from today if it holds.

    With drilling announcements due for the next few months, technicals are aligning with fundamentals which is a good sign imo. Good luck all.

    All imo, DYOR.
    GEV Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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