Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The technical attractions of Matra Petroleum were highlighted here on ShareProphets last month at 0.9p, with the shares holding well above this level so far today. The question now is whether enough has been done here for the stock to sustain a trend reversal in the wake of the latest fundamental revelations?
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