Pantheon Resources Share Discussion Threads

[neo26] 16/2/2023 16:32

Auction at the end, shorts closing?

[forwood] 16/2/2023 15:09

Weekly chart on the turn...up

[helpfull] 16/2/2023 14:34

Cor blimey,guv!

I'm worried for shareholders:


free stock charts from uk.advfn.com


Is the share price about to fall through the 4 week moving average? A signal perhaps? This shouldn't be happening if the case for Pantheon is bullish should it?

The bearish ascending flag has been in place a long time. Be wary of it. The target is 10p.

Be careful.

[neo26] 16/2/2023 14:22

Whats happening with panr sp? Bloody crazy, we just cleared all the blockage so flow rates will increase.

[arcadian] 16/2/2023 14:18

Forward Thanks. I hope that at some point Hidden will comment too.

They should be able to avoid the gas in future wells..

[forwood] 16/2/2023 14:15

The other reason is that we did not anticipate the fall, whereas shorts had (according to them) already entered c 80p or above and seen it fall to below 40. It then crept up and continued to do so.

Moral, knowing when to take your profit is a key trading skill.

[probabilityofsuccess] 16/2/2023 13:58

Thebull8

“Why didn't you close shorts below 40p and go long? You lost out on a >50% rise above 60”

Utterly ridiculously question. Why didn’t you sell at 150p and rebuy at 40p? You could have quadrupled your holding”

Because many on here are investors not traders. Are you, like Jak, holding your short until the very end (whatever that may be) or are you trading. If the latter, you missed a great trading opportunity (as did many longs……..but that’s not their bread and butter, they are investors)

Now you can (and probably will) argue the merits (or not) of both approaches and that’s fair enough, but it does explain why the point absolutely was not an “utterly ridiculous question” and was actually a very sensible one.

[neo26] 16/2/2023 13:55

Crazy we have fallen back

[neo26] 16/2/2023 13:54

Crazy we have fallen back

[metalbee] 16/2/2023 13:21

Technical update:

* Stock is in a short-term uptrend, with an ADX reading of low 20's - mid-strength bullish trend.
* MACD line has crossed the zero, with the signal line soon to follow - Buy.
* RSI trending up and currently smack in the middle at 50 - room to go either way.
* Moving averages (20, 50, 100, 200 EMA's) are inverted - Sell.
* 9SMA has recently crossed up on the 20EMA and has been providing good support since mid-January - short term bullish.
* 20EMA is trending up and has a trajectory to cross up on the 50EMA towards the end of February - trending bullish.
* 20EMA has offered good support over the last 2 weeks.
* 50EMA has been the resistance point for 3 of the last 4 trading days (including today)
* Ichimoku - stock is about to enter the cloud (likely tomorrow), cloud is red but fairly thin, lagging span is in the open - Neutral, but trending long-term bullish.
* OBV is in an uptrend consistent with the price action - bullish.
* Volume in general is currently well below the 50 day average, consistently hitting around 2m per day.
* A bearish flag pattern exists, although with the fib retracement having breached as high as a shade under the 0.5 fib level, and consistently above the 0.38 fib, the strength of the pattern is dubious. Anyone trading beyond the 0.5fib on the basis of the flag would do well to revisit their basic trading rules around flag patterns.
* For those that like a pitchfork, the stand pitchfork is very consistent with the 0.25 lower bound representing resistance. However, the Schiff is pushing up above the midline, but has been unable to hold thus far - weak bullish.

There is a battle playing out between the bulls and the bears, with the bulls winning the current fight. But as we know, oil stocks get smashed quickly on the downside and bears will always play into that fear.
Stock is trading in an upwards channel taken from the intra-day low on 30th December (38p) and the peak highs (excluding 3rd Jan and 24th Jan as outliers). The trading channel has been fairly consistent, and therefore predictable, presenting good opportunity for short-term swing-trading. Stochastics are in an uptrend as a result. Support is rising, and 61p appears to be a short-term resistance level, a break and hold above should see the stock consolidate around 68p which on current trajectory will have the stock sitting on the 100EMA. This is where I see the stock sitting in the lead-up to flow results, ceteris paribus.

[kemche] 16/2/2023 13:17

That's a very bullish chart as everyone knows. Such chart formations normally break to the upside, seldom to the downside.

GLA LTHers!

[thebull8] 16/2/2023 13:16

"Why didn't you close shorts below 40p and go long? You lost out on a >50% rise above 60"Utterly ridiculously question. Why didn't you sell at 150p and rebuy at 40p? You could have quadrupled your holding

[forwood] 16/2/2023 13:02

Helpful continues to pedal his nonsense. Can't read a chart for the life of him!

Arcadian, we should now get uninterrupted flows that will increasingly replace the gas that's being flared with oil, condensate and NGLs. Although we've had a view that we've hit a gas cap, others are not so sure, and it's been confirmed that 100% of the lateral is in oil. But even if we have hit gas, that cap will diminish as the frac fluid returns. Give them another couple of weeks, and we should get a webinar with the AGM (or thereabouts) that will start answering some of the outstanding questions about A2 performance. I remain optimistic that we will pleasantly surprised, perhaps very much so.

[arcadian] 16/2/2023 12:48

What does this mean for the flow test?

As I stated previously, we are less than 40% through the recovery of the frack fluid (well cleanup)