GKP

No, i don't think so...
the double bottom @ 20.25p has been broken, and pierced.... although it has bounced back, it is hanging around that level now....
Chances are this will most likely close at or close to today's lows...

The correct trade here is short... but any news will send it rocketing higher... so not worth the risk...and the long is also a gamble, as technically this is bearish....

unless you want to gamble stay out imho...

Regards,
trendfriend.

I'd avoid too, plenty of other opportunities out there at the moment.

Bloomberg
Iraq’s Kurds Make November Payment to Oil Companies: Statement
By Grant Smith

“Today the KRG Ministry of Natural Resources has authorised the release of the November payments to the oil exporting companies in the Kurdistan Region, in line with the previous monthly payments made in September and October,” according to e-mailed statement from KRG.

* “The KRG continues to adhere to its payment policy to allow
for the exporting companies to cover their ongoing costs and
maintain production”

* “The amounts of monthly payments will improve when export
increases and or the oil prices recover from their present
level”

Bought another 20K shares today sub 19p.

20k@ 18.96p, will sell around 24p, I can still make around 1000£.. happy with that lol

I'd have got out at 22 if I'd been you P. In fact, I pressed to buy 15K at exactly 18.96 but just missed getting the order filled! Fingers crossed for you, but must say to me it looks like 20-21 is the new 25-26….