Tourmaline's pullback from it's $80 all time high and its bounce off the previous all time high is simply not deep enough, as evidenced by today's stop run over the June monthly close, which also produced one of those very credible "head and shoulders" patterns, on the back of the maniacs in the Natural Gas market running a monster short squeeze that ruined a lot...
I’m just studying Wyckoff. I know nothing. Assume I’m wrong.
To me this looks like the end of a distribution range and the beginning of the markdown phase. Last week I shorted at the LPSY and closed when the price reached support. With today’s price action and volume so far (it’s midday), I think we are seeing sig s of no demand as it tries to move back up to...
Cup'n handle, confirmed on the Weekly!
Could see 65$ if this patern continues.
Comething is happening with Energy and ressources.
Stay humble, have fun make money!
We are at the end of a downtrend I advise not to buy now because there is no significant volume for the moment I think we will enter in a small phase of range.
On est dans la fin d'une tendance baissière je conseil pas d'acheter maintenant car il a pas de volume important pour le moment je pensse qu'on va entrer dans une petite phase de range.
Tourmaline Oil Corp. engages in the acquisition, exploration, development, and production of petroleum and natural gas properties. It focuses on its program in the Western Canadian Sedimentary Basin. The company was founded by Michael L. Rose on July 21, 2008 and is headquartered in Calgary, Canada.
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