Proactive Investors - Run By Investors For Investors

UKOG set to rise to 2.5p so traders should go long, Zak Mir says

Chartist Zak Mir sees an opportunity for a trade in the shares of UK Oil & Gas Investment Plc (LON:UKOG).

Mir, the ‘King of Charts’, in a TIP TV segment for Proactive Investors is expecting to soon see a ‘golden cross’ buy signal, and he reckons the price can rise from current levels (1.75p) to around 2.5p per share.

“What technical people will be enjoying at the moment is the way we’ve got both the 50-day and 200-day moving average rising,”  the technical analyst says.

“They’re both rising and they’ll probably deliver a golden cross buy signal over the next couple of weeks.

“So that would be a decent technical reason to go long.”

Meet Yellow Cake PLC, Avation PLC, Manolete Partners PLC and Crossword Cybersecurity Plc at our event, London , 05 September 2019. Register here »
View full UKOG profile View Profile

UK Oil & Gas PLC Timeline

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use