GSS Energy – Price Drops To Near Pre-announcement After Striking Oil!

GSS Energy (GSS) announced that it has struck oil and (surprise) gas in its first well on 13 December 2017. Share price jumped to an intraday high of $0.178 on 14 December 2017, after the trading halt was lifted but it has since weakened to an intra-day low of S$0.156 on 21 December 2017 before closing at $0.161.

Ernest Lim: STI’s Uptrend Unlikely To Be Disrupted

Straits Times Index (STI) has closed at 3,386, a fresh 29-month high on 27 October 2017. Some of you who have been less than 30 percent invested in your portfolios and have not added more exposure in their equities portfolio last month are wondering whether you have missed out on the rally. Should you continue to chase this?

Ernest Lim: GSS Energy Is Potentially Bullish

Since my write-up on GSS Energy (“GSS”) dated 18 August 2017 (see HERE), GSS’ share price has jumped 12 percent from $0.137 on 18 August 2017 to close at $0.152 on 13 September 2017. Based on my personal chart observation, it seems likely to be in the midst of forming a potential bullish inverse head and shoulder formation.