RSI ascending trend – Double bottom – 200ma & 50% fibs touch
UNITED OIL & GAS PLC ORD GBP0.01 LSE:UOG
Strong support at 4.20p below last placing price.
200ma, 50%fibs, RSI ascending trend and placing price all a big factor for a bounce.
We should hold this level but if wrong then 61.8% is a possibility, I would doubledown if so.