I took a good look at the TGS chart today and had no interest in the stock but was attracted to take a closer look because it had broken through the recent resistance at 31.5 This move is good for a continuation of the recent mark up and a hold above 31.5 would be very positive for further upside to the high 30's in the short term and a further continuation to the high 50's in the medium term. In the longer term the possibility of a return to the April 2011 highs in the mid 60's is a good target. The current testing of 31.5/32 is good to draw out supply and the key to the short term future is today's close.
TGS Price at posting:
32.0¢ Sentiment: None Disclosure: Not Held