weekend short term trade lounge 6th-8th july, page-5

and a FA Pick

NWE - Oil/gas in the Perth Basin and in the South of UK. Has hit 1000m of Shale in prev drilling and will now mobilise Frac Rig to perform 5 horizontal frac's. High expectation of Gas flow. Expectations that the Stock will rally on lead up to the Start of drilling (Spud).
Spotted by: Freehold (No Position Held)

and a TA

NWE (Oil/Gas in Perth Basin) Has broken through downtrend that has been place for several months and retraced to support above the downtrend line. Expect it to bounce off this line as support area and head north albeit slowy
Spotted by: Freehold (No Position Held)