It begs the question as to why Continental bothers with MAGP with a piffling little couple of per cent involvement . These guys are dealing in billions of dollars. I can only presume that Rita and the BOD have a very respectful relationship with the 'oil industry' and the 'big companies'are only too pleased to be associated with them.
Britishbulls Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 24/05/2016, 3 days ago, when the stock price was 0.1710. Since then MAGP.L has risen by +2.34%.
Yes and they may dip another 10$ or so as part of what I perceive to be the rounded-bottom on oil as the bear cycle comes to an official close - very preferably by the long overdue death of the Dollar - with an eventual $70 target, be it that it could take another couple of years to get there ...
Talking of taking a couple of years to get there - I reviewed the chart again here and I like it better the more I look at it and I'd pencil in a speculative c1.8p here over that timescale if the ducks line up ...
What's more, I suspect we cross a weekly chart Rubicon this week so she may start getting twitchy ahead of news ...
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