prh22

Breakout on the upside and chase the gap

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LSE:88E   88 ENERGY LIMITED NPV(DI)
With news out this morning confirming the previous cutting confirming the presence of oil it gives a chance to run up and fill the gap to up to 3.10.

Additionally we have been trading in the Fibonacci bank 0-23.6%, opening up higher this morning could also signal a run up to 3.28, retracing to the 61.8% level and in doing so also filling the gap
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