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!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.
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!
Hit the LIKE button if you find my analysis valuable and want to support me. Follow to make sure you don't miss any future trade ideas.