Traders Cafe with Zak Mir24 Oct 2022 04:32
As far as the small cap end of the stock market was concerned, the highlight of the week had to be regarded as the rise of Baron Oil (BOIL), especially on Thursday. In fact, you could say that the stock was partying like it is 1999. So much so I was more interested in its rise, than the political news of the day. This was important as the first sign of a lasting turnaround in the small cap space will be the return of the half bagger, bagger stocks on a daily basis. In the case of Baron Oil, it is to be hoped that the basis of the rise, North Sea oil and gas production, and the reverse of the disastrous move to Green, will cause the stock to be a sustained riser. Technically, at least while above the 0.2p, it may not be too much to expect the stock to retest the 0.4p zone from a couple of years back. Three year resistance is at 0.6p – maybe by the end of the year?
https://www.**********.co.uk/articles/trader-s-cafe-with-zak-mir-the-week-in-small-caps--78c3f7d/