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  4. Treaty Energy Corporation (TECO) Message Board

We don't need a breakout to clear 2 cents. The upt

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Post# of 39368
Posted On: 06/14/2013 12:07:27 PM
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Posted By: coolnapz
Re: DTL #15683

We don't need a breakout to clear 2 cents. The uptrend is clearly in place and if you just follow the slope from of the 20 DMA from mid May through today and extrapolate it forward, the line runs through 2 cents by the end of the month.


This means at current trend the price should be trading above 2 cents probably by next Friday. When you have a trend in place like we have right now, the analysis should be on what catalyst would there be to alter the course either to the upside or the downside.


The trend is reflecting a positive momentum of success in the field, success that will only be publicized further when the official TRRC numbers are broadcast via PR. Then we have Standard which is just across the street from Mitchell.



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