Premier - PMO

possible 123 low breakout formation as well. 45.5 is the area to watch for a breakout.This also has an inside bar on this so adds to signal.

dl.dropboxusercontent.com/u/4899609/pmo20thfeb2016.png

Horizontal breakout looks a good bet to me. Need to watch crude next week though.









RSI Breakout on weekly.




F4T

Mybe a good time to cautiously add some beaten up oil stocks??
This one looks like a inv H&S @ 42.5p
1,,2,3 low @ 45p
Looks good for bullish move if it break and hold those levels...
Regards,
Trendfriend.

At the request of the Company, Premier's ordinary shares have been suspended from trading on the London Stock Exchange with effect from 7.30am this morning pending an announcement of a potential acquisition of assets by Premier which may be classified as a reverse takeover under the FCA Listing Rules. Therefore, the Company has requested the temporary suspension of trading in its ordinary shares whilst clarification is sought from the UKLA.

A further update will be provided shortly.

13/01/2016 - 07:31 RNS
RNS Number: 6949L Premier Oil PLC 13 January 2016 PREMIER OIL PLC ("Premier") Statement Regarding Suspension of Shares 13 January 2016 At the request of the Company, Premier's ordinary shares have been suspended from trading on the London Stock Exchange with effect from 7.30am this morning pending an announcement of a potential acquisition of ..

Chief, Yes this could bounce from here, but it's extremely speculative at best.
When you consider the main market, oil and massive drops on PMO itself, best left alone.... Stay out imho.
No reason at all to be long on pmo.

Regards,
Trendfriend.