-
Published on 15 Dec 2016
Investors
in Solo Oil Plc (LON:SOLO) are primed for better news, according to
technical analyst Zak Mir, who reckons the junior oilers share price
could treble to 0.6p.
“The market seems to be anticipating better news, with the basing around to 0.2p area since the summer, just toying with 0.3p resistance and the 200-day moving average,” Mir said in a Tip TV segment for Proactive Investors.
“If we get a weekly close above 0.3p that should be enough to take the shares onto a new leg to the upside for 2017. Perhaps as high as 0.6p in the best case scenario.”
“The market seems to be anticipating better news, with the basing around to 0.2p area since the summer, just toying with 0.3p resistance and the 200-day moving average,” Mir said in a Tip TV segment for Proactive Investors.
“If we get a weekly close above 0.3p that should be enough to take the shares onto a new leg to the upside for 2017. Perhaps as high as 0.6p in the best case scenario.”
No comments:
Post a Comment