BUY BUY TARGET 30PSimple fib retracement with bullish RSI divergence providing confluence.
Looking to target 30p for a circa 36% gain.
Good luck
Tullowoil
Tullow to the topTullow is looking good for a retest of the 0.236 fib level. MACD is looking like it's in decent shape and the RSI still has legs.
From a geopolitical standpoint Tullow's operations are a long way from the sabre rattling in easter Euope so this bodes well also.
Target is 65.75 GBX.
If we clear that then and resistance acts as support the next target is 78.65 GBX.
Good luck!
Once 4p broken target 6.5p slice LT - 10p+ SWING TRADEQuite a similar setup to EML which I'm heavily invested as well.
placing was done at 3p so cashed up with several assets to head into 2020 with 2 of them being producing assets.
Very bullish in this company with BoD having skin-in-the-game Ex-Tullow Oil people.
Aiming for 6.5p for a slice but long term this company is set to embark in becoming a mid-cap company.
watch this space!!!
Accumulating at lows!!
TULLOW OIL Consolidating levels.The stock price is close to a strong long term support and the Oil price remains bullish in the medium term. Tullow’s CEO and management stabilised the business between Q1-17 and Q3-17. Asset sales and efficiency goals helped reduce its debt balance and capital expenditure commitments to manageable levels. Tullow Oil is generating free cash flow since Q317. An EBIT of $669M is expected in 2018 from $151M in 2017. A reduction of 40% of the debt in 2018 down to 2.88B will also help to increase the odds towards a new long term bullish scenario.
Good luck fellow traders
HUGE REWARD POTENTIAL ON TULLOW OIL STOCKIf you take a look at this daily chart of TULLOW OIL, you can clearly see some big potential for a move higher.
I personally entered as shown on the chart because my analysis is showing a beautiful lowrisk setup, its a very tight stop, you might aswell give it a little bit more of breathing room, but the reward is very tasty.
I think if OIL prices start to go higher, we will also see a decent rally on this stock.
Please use wise money management.
All the best and blessings to you all.
Tullow oil – Is it forming head and shoulder?Tullow oil shares have had a five-day winning streak on the back of rally in oil prices. Shares are trading moderately lower today in line with the weakness in oil prices.
Oversupply concerns have raised their ugly head off late and may cap the corrective rally in oil prices if today’s US government data shows gasoline inventory buildup.
On the daily chart of Tullow Oil, we see a bearish crossover between 50-DMA and 100-DMA. Both money flow index and MACD remain in support of further gains, however, look closely…prices are currently trading around mid-March 2016 highs around 227 levels.
In case, prices fail around 227 levels, we could end up with a head and shoulder formation with neckline support at around 180 levels.
