Long term downtrend Breakout trade 88e eeenf
We revisit 88E once again and can we reach our previous 10x on investment once again? If we break our multiyear downtrend line again we could be looking to big breakout. initial targets we would be looking at would be around
tp 1 = 1.1
tp 2 = 2.5
tp 3 = 5
News is due in coming weeks and depending on results we could surpass our TP3 targets if 88E hits a new oil discovery.
tp 1 = 1.1
tp 2 = 2.5
tp 3 = 5
News is due in coming weeks and depending on results we could surpass our TP3 targets if 88E hits a new oil discovery.
Commentaire:
We are still holding below the downward trend. No fundamentals to push this trade back up. Currently sitting back down to support and holding well.