Trend Reversal – 200ma held – price congestion – bullish diverge
UNITED OIL & GAS PLC ORD GBP0.01 LSE:UOG
Price is holding above the 200ma and at bottom of swing
we touched the 50% retrace of ATH and holding them.
Company has several assets and more in the pipeline
good cash position having done a placing at 4.25p not long ago.
See loads of upside here.