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.
Chart Gazer
Technical Analysis
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home