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Europa Oil & Gas technicals reveal ‘decent buy signal’, says Zak Mir

Leading technical analyst tells the Proactive Investors Bulletin Board that the Europa Oil & Gas (Holdings) PLC (LON:EOG) share price is on course to hit 8p over the coming months.

“There’s solid support towards the floor of the channel and 200-day moving average at 4.65p ahead of the latest gap to the upside through the 50-day line at 5.05p. That’s normally a decent buy signal,” Mir explains.

“The target at the moment while we’re above the 4.5p zone is as high as 8p – the top of last year’s trend channel.”

 
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