Putting the Technicals Into Perspective For United Oil & Gas Plc (UOG.L)

United Oil & Gas Plc (UOG.L) touched 4.796 on a recent bid indicating that the Tenkan line is still hovering below the Kijun Sen.  This represents bearish momentum for the shares. Whether or not the shares are ready to break further to the downside is yet to be seen.   The Tenkan Sen / Kijun Sen Cross signal occurs when the Tenkan […]