TECO Weekly chart showing breakout Well it's Frid
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TECO Weekly chart showing breakout
Well it's Friday and there has been a lot of action in the tape because of the success in Tuscola.
Two weeks ago I said that the weekly chart has 3 of the 4 conditions that preceded the April 2011 rally. I even went on to say that we have the 12 month mark of last year's last rally on the not too distant horizon.
http://investorshangout.com/post/773228/TECO-...end-If-you
I think that the stock is headed for the 3 cents by early July, which is right around the 50 week moving average.
We have more catalysts on the near term horizon, chart patterns, and an anniversary of last year's last rally so I am thinking that we should recapture 4 cents by the end of July. If we get any pleasant surprises well then of course that will put more mustard on the move up and send it higher, but just based on current momentum and what we know about on the Mitchell leases I'm personally looking at 4 cents by the end of next month +/- a week or 2.
[IMG]http://i.imgur.com/Ds8knmv.png[/IMG]
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