Relationship between LSE:EME and WTIStrong correlation between EME and WTI, unsurprising given their exposure to the American oil market.
EME trade ideas
Bullish divergence - descending wedge - RSI double bottomLooking to break wedge and head to 12.85p 1st target and 15.74p my ultimate target
stop loss 7.95p
waiting on further news from drilling
also Indonesian asset & china progression.
end of 2017 $4.6mil cash & been producting some revenue since Jan-Mar 2018.
WAITING FOR ENTRY at 0.786 fibsLike the chart setup and will wait for that fib level before jumping in.
