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  4. Treaty Energy Corporation (TECO) Message Board

This move up should be pretty explosive. This high

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Post# of 39368
Posted On: 11/15/2012 1:29:51 PM
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Posted By: coolnapz
Re: DTL #2829

This move up should be pretty explosive. This higher low chart pattern has been in formation for weeks if not months at this point.


Another stock that I played a lot this year, MPIX, was a pure higher low pattern chart play on a stock that is heavily bashed and with business prospects nowhere near as good as TECO. However the stock held weekly support after being tested in mid October and now it has gone into full break out mode up well over 600 percent off the lows. Moving average crosses, MACD crosses, bull flag pattern price above MA's, everything is playing out pretty much as forecast by the charts.


The chart pattern for TECO is much better and has been cooking for much longer, so once it gets uncorked by financials I'm looking for it to take out the recent highs of 7 cents and possibly keep going to the 52 week highs. This isn't the 60 cent EOY target some people are hoping for but 300% plus moves off of the lows given all the naked shorting in the face of what should be good fundamentals is just revisiting territory that the stock has been in this year.




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