UKOIL FORMING BULL FLAG ONCE AGAIN?
Hello guys!
I'm back with another
UKOIL update.
A month ago UKOIL formed bull flag pattern which got rejected even tho the pattern did hold for a week.
We can see consolidation happening between price range of 62$ - 64$ but as we can see it's forming the same pattern
than a month ago again, bull flag pattern. VWAP, EMAs (100=red, 50=yellow, 21=green) are below the current price (very bullish)
and MACD is also showing bullish signs.
65$ is the latest resistance level so it might get tested tomorrow but overall UKOIL is looking pretty bullish. Resistance should be broken within' next two to three days.
IMPORTANT:
Risk&Reward ratio: 1:3
Entry: 64.46-65$
Stoploss: 64.42$
Target price: 66.51 to 67.07$
I'm back with another
UKOIL update.A month ago UKOIL formed bull flag pattern which got rejected even tho the pattern did hold for a week.
We can see consolidation happening between price range of 62$ - 64$ but as we can see it's forming the same pattern
than a month ago again, bull flag pattern. VWAP, EMAs (100=red, 50=yellow, 21=green) are below the current price (very bullish)
and MACD is also showing bullish signs.
65$ is the latest resistance level so it might get tested tomorrow but overall UKOIL is looking pretty bullish. Resistance should be broken within' next two to three days.
IMPORTANT:
Risk&Reward ratio: 1:3
Entry: 64.46-65$
Stoploss: 64.42$
Target price: 66.51 to 67.07$
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