TAT - Don't sleep on petroleum micro caps

Trading petroleum micro caps doesn't sound glamorous... but every now and then you can unearth some absolute gems. I believe TAT is one of those gems. What an absolute gift this setup is!

Technical reasons for the trade:

→ Divergence in macd /histogram and OBV
→ LOOK AT THAT OBV! Big buys coming in at these levels
→ Trading above the POC
→ Significant accumulation at these levels, VPVR volume comparatively thin above ~$0.50
→ Price trading within the reload zone (0.786 fib)
Double bottom price structure
→ 1D now trading above the 200MA

Take note that this is a weekly chart. Achieving these targets will not happen overnight, however the patient look likely to be rewarded with TAT.

Good luck!

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Bruh, I’m happy to see I’m not the only one who’s been noticing this. Looks like you have a great handle at technical analysis. I analyzed like 90 company’s all on the monthly chart. Prolly 95% had were all the scenario above and they were all penny stocks.The biggest tell sign was the amount of VOLUME!!! It was 10X for some of them. Plant some seeds and watch them grow!! But like you said, due to the time frame it may take a while.
+1 Reply
@CHART_GUYY, Thanks man, agree 100% I think there is a massive opportunity to accumulate some of these on the cheap at current levels. Follow the money, as they say :) Which others are you watching with a similar HTF price structure?
+1 Reply
@AndyTheKing, yooooo !! Andyyy I just saw this message. Take a look at SNDL $0.47 it is ready to move to the upside. It's a cannibus stock, 1H chart is the one that catches my attention. Its primed to move to the upside unless the dems lose in Senate runoff. At the end of November volume spike to 2 billion! I did a chart analysis and posted it to my ideas if you want to take a look. Spike may happen at open ... Good Luck! and happy trading
+1 Reply
@CHART_GUYY, Nice one, thanks! I'll put it on my watch list
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