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.
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- highest close since april!
I took a good look at the TGS chart today and had no interest in...
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