Hey TSO LTHers!Nice end to the week with a bonza announcement...

Hey TSO LTHers!

Nice end to the week with a bonza announcement and I think a change in sentiment to a postive outlook.
Looking at the chart for the last year (see below) we have a huge Descending Wedge Pattern, which is a bullish reversal pattern.

Today's close is a green hammer candle (which is a bullish reversal pattern, see chart below) maybe the beginning of a confirmation breakout from the descending wedge. Next week's price action will confirm.


I'm reasonably confident that this week's close may represent the beginning breakout of the descending wedge.
We have a bullish reversal pattern, the descending wedge, which contains a bullish reversal hammer candle at it's apex. A bullish reversal pattern within a bullish reversal pattern.
I'm expecting a series of higher Highs and higher Lows over the next several weeks to reach a calculated target of 38.5c (24c wedge width added to today's 14.5c close). This target corresponds nicely with a Fibonacci 38.2% Retracement of 38.3c from the ATH of 52.5c
I bought a couple of small parcels at these bargain basement prices today & yesterday. My TSO total holdings are now showing a 15% loss. I'm happy to hold as this loss will soon be back in the black.