Member Info for JohnHenry

Gap has been previously filled target for me is the highest close of that period which is 20p

Perfect technical event would be a test of 20p retest of the 200 avearge and then a test of all time highs.

Daily RSI is over 7o so starting to get a little overbought.

20p would see overbought conditions so a pullback retest is the most likely occurrence before attacking all time highs.

Obviously unexpected news could change this. Note Unexpected

Closed just above the 200 EMA 200 MA sits @ 17.7p

As ive been saying its the 200 EMA thats acted as resistance. Today the price closed above the 200 ema and recent high of 16.8p

Pin bar close all looking positive.

Large early delayed sell @ 15.5p took the wind out of the sails.

Closing the opening gap up

Trekdome 20 wells would give $80 M plus revenue per annum , that a £500M plus valuation

5 wells end of 2025 should easily give a £100M Mkt Cap

Kevin as commented in the RNS

These results expand the Company's view of the Rudyard Field's potential. The superior performance of Linda #1 is attributed to greater natural fracturing and porosity. If flow performance continues to improve towards the south this suggests a compelling development trend across the structure.

hence Weil may have similar flow rates to Darwin.

Excellent Flow results

"JH ... do you read RNSs ? How much clearer can the company be ? Flow results to be released when they get results back from the lab. This will be early June"

1M buys v 1.15M sells

Kinda expected as we see on every slight spike

At some point Legalwolf the Market/investors will need to wake up and smell the coffee

Looking like a strong market today so a test today of 16.725p looks likely.

As yet the usual £5K sellers have yet to appear.

Stas the 200 ema confluences with the recent closing high @ 16.725p so i expect minor resistance as a few buyers from these levels sell.

However once broken a test of 20.5p Dec resistance.

Strong buying

Worked sell throughout the day, reason why you could by in size just above bid.

In the price, onward and upward

Aimho

Negotiated Trade. nothing available on the RSP so your broker needs to go direct to the MM for a quote and size.

Sounds like a MM to MM trade required

15.51p v 15.55p

100k @ 15.53p buy

And Obviously use charts with L2 RSP etc for trading.

Each to there own Kaeren ive been using charts for over 30 years.

Once Fundamental s are in place, Technicals provide a solid entry point.