EPG 0.00% 41.0¢ european gas limited

ready for a technical breakout, page-2

  1. 8,711 Posts.
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    I've been watching the action. My impression is that there is a big player (who suddenly disappears after market) stabilising the price around 12-12.5 cents. I expect an announcement of a capital raising at 10 cents after it has hovered around 12 cents for a week on VWAP. Just speculating. But I see no reason for a breakout unless there is some big new coming.

    Before being accused of downramping, I still hold my full amount, and will continue to do so on potential alone. But they need capital to do anything significant new, and I find it hard to understand where support has come in the last week given there is no new information.
 
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