EPL pushing Enquest downBrent heading to $60 area with China struggling.
Maybe the EPL is amended around May/June 2024 or M&A happens.
Enquest shares have support at around 9p but hopefully 12p holds.
ENQ trade ideas
EnQuest target 42p by Oct 2025Using previous support/resistance lines and the trend from the previous rise. Assume Brent his heading to the $150 area due to supply cuts, under investment and rising demand.
Enquest longterm trend lineThere appears to be a downward trend line that need to break above 17.4 pence
$ENQ (stockholm) $BRENT - ENQUEST PLC Super cash flow and big winner on this oil price..
possible break out of a 6 year old resistance trend line
48 000 - 52 000 Boepd per day
$500-600M profit expected on $65 hedged oil price (180 days)
1280M debt as of 1/1 2021, payed back in 12 months..
Market cap $500M
26p / 31p target - RSI break outClearly an RSI break out & set to move higher.
looking for 26p 1st target - 31p 2nd target
Not holding at moment but bullish.
EnquestIts in a good place to buy right now! Oil price on the move up, bullish divergence on the Daily chart and a insideweek with high 2,31
Is it time for #Enquest to break out?Enquest is making a perfect ascending triangle pattern.
Will it break to the upside?
Watch and see.
EnquestDo not miss this opportunity.
following week oil price, this share price has dropped. make a most of the situation.
Cup and Handle formation ENQ PlcCup and Handle formation on ENQ getting ready for next major impulsive wave?
As always, please check fundamental data *( Enquest is in the Oil industry and had a few tough years)
ENQUEST PlcMulti-confluence technical
Nice rejection bar from 200ma and closed gap-up on very high volume.
