Short Term Trading Weekend Lounge: 1-3 Sept, page-53

STTCOMP ENB, TA Long Eneabba Gas is a shell looking for a project.
MCap~$5m
Cash on hand $880k
Shares/Options 535M

Jason Peterson with holdings 9.47%.

Technical Analysis - Sideways channel on the weekly chart shows increased trading and closing near the top of the channel. Look for a breakout above 1.0 cents with a first target of 1.6 cents.

Last time this pattern was seen the stock rallied to 1.4 cents with no project, so it could do more if a deal is in the pipeline.

I bought more on Friday as I am following this shell closely and three weeks of green candles after a decline from the highs was my signal to enter.