Boss Energy Shares Poised

This story features BOSS ENERGY LIMITED. For more info SHARE ANALYSIS: BOE

By Michael Gable 

We continue to remain bullish on the market and the indices both here and in the US continue to deliver by trending higher.

As we highlighted only a few weeks ago, markets making all-time highs is not something to be scared of and dips in up-trending stocks are a buying opportunity until we see something to change our minds.

Today’s technical view is on Boss Energy ((BOE)).

BOE has rallied well off the September lows and it is now finding resistance near $3.50.

However, it is interesting to see that it is not being sold down heavily, but it is just hugging the underneath of that resistance line on low volumes.

This is a bullish sign and it means that BOE is very close to breaking higher and resuming its uptrend.

Current levels are a buying opportunity and a break above $3.50 should then lead it to go on a retest $4.00 fairly quickly.

Content included in this article is not by association the view of FNArena (see our disclaimer).
 
Michael Gable is managing Director of  Fairmont Equities (www.fairmontequities.com)

Fairmont Equities is a share advisory firm assisting Private Clients with the professional management of their share portfolio. We are based in the Sydney CBD but provide services to private clients across Australia. We believe that the concepts of fundamental analysis and technical analysis of stocks are not mutually exclusive. Regardless of whether you are a trader or long term investor, combining both methods is crucial to success. As a result, the unique analysis of Fairmont Equities is featured regularly in the media such as Sky News Business, CNBC, The Australian Financial Review, and the ASX newsletter. Contact us for a free trial of our research and information on our portfolio management services. 

Michael is RG146 Accredited and holds the following formal qualifications:

Bachelor of Engineering, Hons. (University of Sydney) 
Bachelor of Commerce (University of Sydney) 
Diploma of Mortgage Lending (Finsia) 
Diploma of Financial Services [Financial Planning] (Finsia) 
Completion of ASX Accredited Derivatives Adviser Levels 1 & 2

Disclaimer

Fairmont Equities Australia (ACN 615 592 802) is a holder of an Australian Financial Services License (No. 494022). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.
 

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