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Buy Leni Gas & Oil: Multiple Buy Signals Target 2p Zone

By Zak Mir | Saturday 20 April 2013


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.


What I like to do with charting, and perhaps most importantly what works best, is to stack up as many plus points as possible backing an “objective” trading call. In the case of Leni Oil & Gas (LGO) it is difficult not to be swept away by bullishness anyway, given the aftermath of a surge that the shares displayed in October, an event that was identified around the 0.6p level as a bull flag opportunity that could lead to at least 1p resistance from July.


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