First close above 50 WMA since July 2012 Well fol
Post# of 39368
First close above 50 WMA since July 2012
Well folks it's a rally. Earlier this month I talked about how the stock is looking like it is going to rally like April 2011 and after some price consolidation we get our first close above the 50 WMA since nearly 12 months ago.
http://investorshangout.com/post/773228/TECO-...end-If-you
I think that this could be a multi week rally similar to the April 2011 move I described, but with the difference being that it should have the legs to continue subsequent to the ebb and flow of a blast off move.
Why? Treaty has oil. Having personally been to the well sites in Tuscola, spoken with many involved, and monitoring the daily activity in the field, I know that Treaty has the goods. Not only that, I understand that they have more goods on the way in the near future.
Now it is time for the market to catch up and for the bears to get demolished. We should either have a pause week next week, where the stock just holds onto the 50 WMA, or I think it's more likely that we hit my July 4 cent price target early and take out a nickel.
Rally on TECO!
[IMG]http://i.imgur.com/LKmuZqO.png[/IMG]
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