TECO Weekly Chart shows early stage uptrend If yo
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TECO Weekly Chart shows early stage uptrend
If you thought the near term tape looks like bad news for the bears, take a look at the tape in historical weekly chart context. We are building a pattern reminiscent of the April 2011 rally.
We have the lows put in at a penny, a small daily chart rebound, price consolidation off of the lows, and boom a rally. That was the scene in late 2010-early 2011. We see the first 3 out of those 4 elements on this weekly chart.
The thing about swinging for the fences is that you strike out a lot. That's just a fact of life. However, with each at bat you get better and better until you finally catch a hanging curve ball over the outside of the plate and knock it out of the park. Treaty has a nice base hit with Mitchell 3, and will get another man on with Mitchell 4. With even another small producer from just across the street on the Standard lease that would be 3 men on base with Belize in the on deck circle. Who knows, there may be another slugger out of West Texas as we may only be scratching the surface out there.
Bear meat BBQ with a side of fried bashers sounds good to me.
[IMG]http://i.imgur.com/IxXYjpN.png[/IMG]
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