What price Dragon Oil at 12.30 23rd December 2005

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sirrah - Fri, 23 Dec 05 :

Well done both on getting the closest on mid price which turned out in the event at 187.75p.
And well done to russia4ude for the most informative posts on this board. He appears to be the one in the know.
All the best to Dragons everywhere.

...

As to the future for Dragon there is a potential in the charts for our last top to have formed a double top so there could be some retracement in the next couple of weeks trading. But the 100k O trade buy today seems to suggest there is still buying pressure to sustain DGO at 190p plus. Or it could be the the previous peak may act as support - as it has done today - so will form a base for new heights. Personally I foresee the latter so remain bullish for the new year.

Will 2006 be the year of the Dragon?


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