It looks almost exactly like the June rally So ch

It looks almost exactly like the June rally

So check out the daily chart. You have a low put in early June, a small bounce that attempts to go through the 20 DMA, a retrace to the low, a break of 3 cents, and then on June 27th you have a straight drop from 3 cents to 2.5 cents. On June 28th you have an open at 2.5 cents, an intraday pierce to 2.2 cents, and then boom it sets off the reversal.

It's obvious from the level 2 that there is a lot of support at 2.5 cents and as of the last snap shot that I posted here below, today looks a lot like June 27th on the charts. Then you see that June 28th there was a shake and back and rally. This is a holiday shortened week and there is light volume so this is why next week I only said a nickel instead of going the distance up to 7 cents.

Just using common sense, it looked like the end of the world back on June 27th with the late financials and such. Today not only are the financials out on time, but the financial highlights show improved revenues, asset valution, and we should have news on McComas, we have a nat gas field in E. Texas, and then all the stuff in Sabine Parish. Not to mention that pump jacks are now on site in Belize. There is a big fundamental difference between where we are today and where we were in late June.

There's barely half a million shares trading, and I don't see any big investors dumping 5 million shares, 7 million shares, 10 million shares. So let this light volume shake and bake stutter step play out while the big boys and other investors digest the news and finally take a position if not add more.

[IMG]http://i.imgur.com/6c8pG.png[/IMG]