Panjang
PGS is testing major support level 5.4

PGS is testing one of the major support levels @ 5.4kr; on SMA50 daily and the bottom of the rising channel.
Having two important levels make this support even stronger.
The obvious resistance is 10.2 in long term.
Recent Good catalyst news from the company; strong seismic library; rejected TGS offer for 700
M for data; uptrend technically; bankruptcy of competitors; rising oil price; good news from airlines after pandemic and all will make this ticker more attractive.
The next year 2022 is definitely is the year of Exploration activities which needs balancing with the recent decline in oil production and weak exploration global performance.
Having two important levels make this support even stronger.
The obvious resistance is 10.2 in long term.
Recent Good catalyst news from the company; strong seismic library; rejected TGS offer for 700
The next year 2022 is definitely is the year of Exploration activities which needs balancing with the recent decline in oil production and weak exploration global performance.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.