Updated Forecast: 7 cents in July I've talked a l

Updated Forecast: 7 cents in July

I've talked a lot about how the move in the stock recently is very reminiscent of the April 2011 rally to 9 cents.

http://investorshangout.com/post/773228/TECO-...end-If-you

I also mentioned how we are about to hit the 12 month mark on the July 2012 rally.

http://investorshangout.com/post/768029/Well-...-I-think-E

If you take a look at the monthly chart below, you will see more similarities in the tape. The April 2011 rally occurred on the close on the 20 week moving average.

Here is my updated forecast:

If TECO can close on or above the 20 month moving average, let's just call it 4 cents, then based on the power of the April 2011 rally, and the anniversary of the July 2012 rally, I think that 7 cents is the upside price target for July. It would be almost a 100% move of Friday's close. Of course if there is news of a multi hundred barrel producer out of Belize, then we could tag the 13 cent February 2012 high. But my base case scenario, 70% odds, is that we tag 7 cents.

[IMG]http://i.imgur.com/TUOGJ4F.png[/IMG]