Ann: Production Testing McMurtry 1-21H Well, Nobl, page-8

re: Ann: Production Testing McMurtry 1-21H We... did every one have fun watching another day of someone doing their washing???

trying to be positive and looking at some technicals.

when i trade RFE i like to use the 1 month chart, stochastics are generally fairly accurate.

from 26/6/12 to today we are creating an ascending triangle, draw line from low on 26/6/12 to todays close, then draw a line from the high on 4/7/12 to the high on 17/7/12, you will clearly see the triangle.

we are sitting on the bottom line of the triangle with todays close but stochastics are oversold, could be another test of 78.5c soon going on the complete lack of volume.

normally this pattern is a clear sign of accumulation, explanation here.

this would also suggest that if SP can breakout above 78.5c, this would become the next support level.

of cause this is purely technical analyses, is it possible someone can post this chart for me??

fundamentally RFE has never looked better.