UOG trade ideas
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!!
UOG, great small cap company, good assets, great BOD.This is an investment for me but i still like to look at the charts and hence why im looking at the weekly
Price looks like it is coiling up and has retraced approximately 50% from the highs. I think there is a high probability we we will see the all time highs broken this year with 8-8.5p being reached as a minimum
Good news flow due on there current assets and maybe something new and big in the pipeline?
About to have a bullish cross / RSI break-out / Colter news soonPossibly one of my favourite stories on the market at moment.
My biggest holding in a FTSE stock since I started investing/trading.
Newsflow to come on Colter & new assets.
T-line about to cross the 20ma & waiting as well on RSI break-out
my entry was 4.2p & 4.5p, it is a stock which has a 10x potential if you are prepared to wait.
Patience will be rewarded with this company.
UOG, good buying opportunity if we push down a little further UOG looks like a little gem. Fundamentals are very good. Excellent management and lots of exciting prospects including the BIG BOY in JAMAICA! 3d should be out soon. Im invested here but below is a trading idea
As far as technical s we've had a nice double bottom, RSi div with a break and close above. Pull back into a 61.8 % retracement and a new higher high, higher close.
IF we retrace back to the 4.55 area there is a bat pattern and a high probability for a trend continuation trade with target 1 at structure high, and t2 at all time highs
Trend Reversal - 200ma held - price congestion - bullish divergePrice is holding above the 200ma and at bottom of swing
we touched the 50% retrace of ATH and holding them.
Company has several assets and more in the pipeline
good cash position having done a placing at 4.25p not long ago.
See loads of upside here.
BOUNCE OFF 20ma & 50ma - Golden cross - 1st target 7.75pGolden cross 20ma - 50ma and a higher high & higher low set.
Trend reversed.
Very bullish.
Broke above down trend line - above 0.386 fibs - target 7.74pTrend line broken
It held above the 0.5 fibs and now above 0.386
ascending CCI and broken above last RSI resistance
my 1st target is 7.74p where I will slice or sell all depending on news.
Oil price is at great level at moment.
RSI ascending trend - Double bottom - 200ma & 50% fibs touchStrong support at 4.20p below last placing price.
200ma, 50%fibs, RSI ascending trend and placing price all a big factor for a bounce.
We should hold this level but if wrong then 61.8% is a possibility, I would doubledown if so.
