UOG, good buying opportunity if we push down a little further
UNITED OIL & GAS PLC ORD GBP0.01 LSE:UOG
UOG looks like a little gem. Fundamentals are very good. Excellent management and lots of exciting prospects including the BIG BOY in JAMAICA! 3d should be out soon. Im invested here but below is a trading idea
As far as technical s we’ve had a nice double bottom , RSi div with a break and close above. Pull back into a 61.8 % retracement and a new higher high, higher close.
IF we retrace back to the 4.55 area there is a bat pattern and a high probability for a trend continuation trade with target 1 at structure high, and t2 at all time highs