view88 Energy Ltd

88 Energy price could more than double in the coming months, says chart guru Zak Mir

88 Energy Plc (LON:88E) shares are in an uptrend, highlights chart guru Zak Mir, who reckons the Alaska focussed explorer could more than double in the coming months.

Mir, in a TIP TV segment for Proactive Investors, says a rally up as high as 5p could come in the next three to six months.

Studying the chart he notes that a ‘golden cross’ trigger preceded a sharp rise in 88 Energy’s share price early in 2016, and it has remained in an uptrend since.

That is positive for traders even if they don’t want to know anything else about the chart he says, though he adds that the stock has also broken through the 50 day moving average which is a key momentum signal.

“Being above the 200 day line, and while it is above it at 1.9p, you’ve got to be positive [about the share],” Mir said.

Quick facts: 88 Energy Ltd

Price: 0.27 GBX

Market: AIM
Market Cap: £23.66 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of 88 Energy Ltd named herein, including the promotion by the Company of 88 Energy Ltd in any Content on the Site, the Company receives from said...



88 Energy Ltd - Proactive One2One Virtual Event

88 Energy Ltd’s (LON:88E) Dave Wall presents to investors at the Proactive One2One Virtual Event. Its recent quarterly activities report highlighted the group's takeover of XCD Energy PLC (LON:XCD). The Alaska explorer detailed the soon-to-complete takeover among the features of the period ended...

2 weeks ago

2 min read