Geo Energy after touching the low of 21.5 cents on 5th Dec 2017 , it had since managed to stage a strong recovery and head higher to touch 28.5 cents on 2nd Feb 2017, this is rather positive.
It had a nice breaking out of 24 cents on 31st Jan 2017 and closed well at 25.5 cents couple with high volume this is generally healthy/bullish.
The current price of 27.5 cents is staying above the SMA lines which is rather positive.
Both Macd & Rsi are still rising which may provide further indication that the share price may continue to trend higher.
Short term wise, I think it may likely move up to retest 28.5 cents then 30 cents. Breaking out of 30 cents with good volume that may drive the share price higher towards 33 cents with extension to 37 cents.
( trade base on your own decision)
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