Geo Energy after touching the low of 9 cents on 3rd Aug 2016 it had since stage a strong recovery to head higher to clear the overhead resistance at 14.1 cents being attained on 15th July 2016. This is generally rather bullish.
Both Macd & Rsi are still rising upwards which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely conquer the recent high of 22.5 cents being set on 2nd Nov 2016. Breaking out of 22.5 cents with high volume this may propel to drive the share price higher towards 25 cents then 30 cents with extension to 35 cents.
(trade base on your own decision)
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