Dragon Oil

Another speculation, this time for lovers of high risk oil exploration stocks.

Dragon Oil seems to have formed a saucer with handle pattern and is poised to breakout.

I'll be watching this with interest but do not intend to buy.
 

Mooringsman

Junior member
29 1
The price is rising, but the On Balance Volume leveled after the 18th June and the Money Flow Index went into a slight decline. I suppose it would be prudent to let the Mid March Bid price be broken.
 
 
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