Hey guys, there's a lot of excitement around at the moment. Thought i would post up this chart to give another perspective on where we sit and where we go in the near term.
Remember: 10 weeks until a whole pile of options expire. At the very least, 7.5 months until drilling. no rig booked. no farm out approved.
Trend has been down and is still down. We have moved nicely to the top of the channel and perhaps we keep going, but we are still in that channel and failed at the 200dma again today.
I'd be selling here but my CFD provider won't let me. Quite happy to change my opinion if this clears the 200dma, breaks out of the downtrend and some averages cross to the upside. all on good volume and announcements of course.
great stock, great prospects, exciting times. just don't let them unload on you now is all i'm getting at. Note, my chart doesn't yet post todays candle. we hit 29c but sold off sharply to close on the lows.
TPT Price at posting:
25.5¢ Sentiment: ST Sell Disclosure: Not Held
