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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Petro Matad Share Chat (MATD)



Share Price: 25.625Bid: 25.50Ask: 25.75Change: 3.375 (+15.17%)Riser - Petro Matad
Spread: 0.25Spread as %: 0.98%Open: 24.50High: 27.75Low: 23.25Yesterday’s Close: 22.25


Share Discussion for Petro Matad


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MisterPositive
Posts: 1,259
Off Topic
Opinion:Strong Buy
Price:25.625
RE: Looking Very Strong
Today 19:14
Folks, very bullish signal got generated today. I personally fully expect 30p to be broken tomorrow with close above 30p finally, imho
 
MisterPositive
Posts: 1,259
Off Topic
Opinion:Strong Buy
Price:25.625
Looking Very Strong
Today 19:12
https://www.britishbulls.com/m/SignalPage.aspx?lang=en&Ticker=matd.l

Signal Update

Our system’s recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 22.25, and our valid average buying price stands now at 24.54. The previous SELL signal was issued on 19/01/2017, 5 days ago, when the stock price was 28.48. Since then MATD.L has fallen by -13.82%.

Market Outlook

Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunity.
bigbench
Posts: 2,705
Off Topic
Opinion:No Opinion
Price:25.625
RE: Short term SP - momentum driver..
Today 18:18
I wonder who that could be DF? 😂
JVAVFC
Posts: 63
Off Topic
Opinion:No Opinion
Price:25.625
RE: 30p looks v possible ...
Today 18:15
Understand Mr P
But I'd have filled my boots at 16p if I had a spare few quid to invest.
DesertFalcon
Posts: 66
Off Topic
Opinion:No Opinion
Price:25.625
Short term SP - momentum drivers?
Today 17:42
Great to see MATD's seemingly relentless rise, moving up almost 300 per cent in a brief period. And all achieved on virtually no hard news.

Mid-long term the drill bit will talk, deals will be done and with luck this could be an enormous success.

Short-term, if you believe in the opportunity, it's about trying to grab as many shares for your investment budget as possible.

My gut feeling is that we could move towards 30p and then see a short term reversal as profits are taken and a collective pause sets in while people wait for hard news to digest and help shape their next move.

We saw something similar recently with a gas explorer (can't name them, as I would face a banning order) where the price shot up from 40p to touch 100p in a matter of weeks, before a quick fall back to 85p and then a more gradual settling back in the low 70s. Point is the SP became 'frothy', rising on excitement and an emotionally charged asset grab.

We could see something similar here. I'd say 15-20p is a good buying range at the moment, should MATD fall back. If I'm wrong, so be it. Just trying to add a view for those pondering their trading strategy. I'm a committed LTH now but I know all too well I can buy more shares at sub 20p than nearer 30p.

All part of the fun of trying to come up with a flexible investment strategy that works.
bigbench
Posts: 2,705
Off Topic
Opinion:No Opinion
Price:25.625
RE: US price 33.5 cents
Today 17:36
Solid end to the day...they tried but you can't keep a good share down. Oil price creeping up just shy of $56 ...just need that £5m from shell, then a great farm in partner news to take us to next level 35p+ then it's upwards & onwards from there until the drilling. Good times ahead I feel.
Meltdown2015
Posts: 84
Observation
Opinion:No Opinion
Price:25.625
SP
Today 17:24
Hmmm Yo-yo week up down up down. IMO don't forget down! AIMO DYOR.
MisterPositive
Posts: 1,259
Off Topic
Opinion:Strong Buy
Price:25.625
US price 33.5 cents
Today 17:18
26.80 pence.........expect open around 27.50 tomorrow
MisterPositive
Posts: 1,259
Off Topic
Opinion:No Opinion
Price:25.625
RE: Another day in paradise...
Today 17:13
Yes indeed....another day in paradise....and more to come.

February i think could be even more interesting than Jan in anticipation of that Farm-In news.
mattynix7
Posts: 219
Off Topic
Opinion:Strong Buy
Price:26.25
Tattoo op Ojay
Today 16:59
'In MATD we trust' in anarc over an oil barrel!! If this makes me rich(er) I'm getting it!!




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