I'm not a chartist but it is impressive that the price has moved from around the 4 cent low up to this level of 10 cents and has consolidated and held with decent volume going through and obviously the company is in a prime position to take advantage of a shale gas boom in the UK.
One of the great traders in the US Paul Tudor Jones says that whenever a stock has a good run and it consolidates it will either break down or break up. Judging by what this company has and the favourable conditions the UK government is offering such as tax breaks for shale gas exploration and development I'm guessing the break will be to the upside and the catalyst would probably be a farm in to their prime acreage. A lot of action in this company.
DTE Price at posting:
9.7¢ Sentiment: Buy Disclosure: Held
