|
DRAGON OIL, WE NEED GAS PRODUCTION NEWS
Mibb - Wed, 27 Dec 06 :
Hello everyone, merry christmas and all that. I thought I would post a technical piece. I have just bought this morning, based on a bullish pattern. This triangle should lead to a breakout above the 187p resistance. The pattern target is usually the same as the pattern depth, so roughly 59p above the breakout point of 187p, so a target of 246p. This is a relatively strong technical case - obviously, it might just not happen at all, AND ultimately, the breakout point could be in up to 2 or 3 months. Thanks, Mibb.

Dragon Oil Stock Charts : |
| Dragon Oil Historic Stock Chart | Dragon Oil Intraday Stock Chart |
 |  |
|
|
|
|