MFI suggests a news leak. i think getting past the 50MA should be a slam dunk, and if it breaks that level with some energy behind it 4.70 will probably be next resistance. i'm still a bit confused about the terms of the buyback, and so i'll leave it up to the market to decide. if we see enough bullishness it's off to the 200MA. will re-evaluate at that point. :)
i like where EGY is positioned in W africa, and crude is really on a roll lately. traders will be on this one imo.
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