San Leon Energy Plc’s (LON:SLE) share price has been in recovery mode, according to technical analyst Zak Mir, who reckons the now Nigeria focussed oil can potentially rise as high as 70p.
Mir, in a Tip TV segment for Proactive Investors, said: “San Leon’s chart reflects the recovery mode that the company has been in over the last six months or so.”
“For those who are cautious, maybe wait for a break above the 50-day moving average at 45p before getting involved on the long side, but it does look as though the recovery is here for San Leon Energy.
San Leon shares currently trade at 41p each.
