DuncanParker
Long

Gastar - Back On The Radar

BATS:GST   GASTAR EXPL INC NEW
102 3 0
Gastar appears to be breaking out of an inverse Head & Shoulder's formation and has breached an area of thick overhead resistance. As to be expected, some bag-holders stuck in the stock for nearly two years are taking break-even sales or huge profits on the run from the low near .60 in late 2012. Support is drawn with a "crayon" as the actual area of support is likely more grey than green. Keep an eye on this one!
Nearing target @ $6.79 with even more upside likely.
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Beginning to appear it could resolve lower to near $3.60 - $3.70 in a retest of the breakout point. Waiting and watching.
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