Tuesday, April 5, 2011

Venture type names are clearly harder to analyze with technical analysis due to lower volumes and lower levels of activity. Tearlach resource sprung to life last week with a positive news release the stock soaring and coming back down in short order. What is interesting is the the stock has settled in above longer-term support at $.05. Volume has also dropped but worth watching, if the stock holds above $.05 and the news starts flowing the appetite for risk and a good commodity story could lift the stock back past the $.10 level.

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