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Published on Oct 27, 2016
Chariot Oil & Gas (LON:CHAR) shares could be set to rally, according to
technical analyst Zak Mir, who reckons the price could reach 12p in the
coming weeks.
Having stabilised from lows of around 4.3p earlier this year Chariot currently changes hands at 8.44p.
“It has been a bit of rocky ride, but overall it has seemed to be stabilising and building an extended base,” Mir said in a Tip TV segment for Proactive Investors.
Highlighting a big technical plus, Mir notes that a ‘golden cross’ buy signal in the chart this month.
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