Interesting analysis, Coolnapz. Question, do you t
Post# of 39368
Interesting analysis, Coolnapz. Question, do you think that a lot of traders use these monthly charts? because I feel that Weekly charts are the most common format for analyzing long term trends. It seems to me that your 20-month moving average breakout point might simply be a coincidence that you are reading too much into. I only say this because you are probably the only TECO trader/investor who looks at monthly charts.
On the other hand, I feel that your 70% odds of reaching $0.07 is a good estimate, but as you also stated, the news from Belize could take TECO to never-seen-before highs. Without knowing the magnitude of the Belize news, it is a difficult prediction to make.
My only other comment is that TECO has not seen any volume to speak of in this new rally. Unless the volume increases, it will be difficult to unload shares without dragging the share price down.
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