TALO Analysis based on my own indicators

This is based on technical indicators that I wrote on a daily chart with Heikin Ashi bars (which show the price a little different than standard candles).

Pros for going long:

• the trend is up (see the top blue indicator and its purple EMA which are overlayed on the price)
  
• the bottom indicator reached the bottom trendline and returned with plenty of room to move up till upper trend line (and likely the price will do the same)
  
• the middle, green indicator reached a bottom (which means that there is likely significant movement in price, in either direction, coming up) and next bar is up confirming an up move
  

Pros for going short:

• N/A
  

A long position seems to have a lot of profit potential (another one may be APA, see related idea, but TALO looks more promising).

DISCLAIMER: Security trading involves substantial risk of loss. My analysis is not trading advice. Do your own research first and/or consult a financial advisor. I'm not responsible for any losses you may incur following my analysis.

Trade active: long at $11.58, SL at $9.98.

Comment: I opened long position for this and similar stocks (see other ideas) in my paper money account. I now checked in a real account and figured out that they are too expensive with a big spread between bid and ask (no wonder that they are less known stocks!). It seems however that the best spread is for MTOR.

Trade closed manually: close now at 11.74. $0.16 profit.