Welcome To The Transeuro Energy HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: Nice falling wedge

Transeuro Energy has formed a beautiful Falling Wedge and has started to come out of the oversold area and touched the top of the trend line on Friday. Volume is still a little low and wasn't breakout volume on Friday but this one is looking good right now. It had some gaps to fill from early January and it has closed them in this Falling Wedge. Keep an eye on it and if you see an increase in volume as it tries to breakout of the top trend line, it would be a good opportunity I think.

Entry should be $0.185 as it breaks out of the trend line and your stop should be the bottom of Friday's candle. The calculated target on this is only $0.07 making the target at $0.255 for a respectable 37.8% gains.

See chart and other picks here ...
http://us1.campaign-archive2.com/?u=4d6d491aea8e01d93d8a1f390&id=4764de9dd9#TSU


Mar 16, 2011 06:26PM
Share
New Message
Please login to post a reply