Not to sound contrarian but UKOG has options to play with and thats going to make the next moves a little tricky to predict.
I still believe there will be a bigger pull back but it might adopt some rather unorthodox patterns to get back to 5 or around the 50% retracement level.
Ultimatey i'm waiting for price to pull back and establish a value range of types where is can see traders are happy to bid again.
In the long run news will drive this higher, for now its finding the pattern and the place to get in and thats going to take some time.
I still believe there will be a bigger pull back but it might adopt some rather unorthodox patterns to get back to 5 or around the 50% retracement level.
Ultimatey i'm waiting for price to pull back and establish a value range of types where is can see traders are happy to bid again.
In the long run news will drive this higher, for now its finding the pattern and the place to get in and thats going to take some time.