TGC - Sector: Energy - Industry: Oil & Gas Operations

[Terliso]

Picked up some shares again this morning... looks like TGC wants another 52 week high

I'm out .... I'm just happy with 45%

[tokyoseminole]

is TGC ready for another run up?

[Stocky2000]

TGC is on fire!

[The_Smaker]

yes !!!! its going to the highs again next week !

[setravis]

I think we are ready for lift off on this stock. Shares of TGC soared 22.83% or 29 cents to $1.56 per share. The technical chart shows the stock has the chance to go back to bull market again as MACD is getting closer to 0 while K line in on top of D line indicating buy signal. In addition the long term trend is turning positive as the stock is back above 50 day moving average as both 50 day and 200 day moving averages are still going up.

Recent CandleStick Analysis
Very Bullish
Jun-02-2006 Bullish Engulfing
Today's Candlestick Patterns:
White Marubozu
Today a White Marubozu was formed. This shows that the buyers controlled the price action from the first trade to the last trade
The White Marubozu is a single candlestick pattern characterized with a long white body having no shadows on either end. It is an extremely strong bullish candlestick pattern.

Support @ $1.49...1.38...1.25
Resistance @ $1.61...1.83...1.97

Volume: 1,806,100
Avg Vol (3m): 1,381,460

Technicals
Close Above the 50-day EMA
Close Above the 13-day EMA
Most Actives
Percentage Gainer

Last Price Quote is:
14.60%above 13-day EMA
18.27%above 50-day EMA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $13.58 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: N/A

[bmarc4211]

Support at the ascending trendline didn't hold last week but the stock recovered Friday on weak volume.  Any opinions, both long and short term.  My portfolio and I need all the help we can get. 

[vic666]

looks like TGC is back in bullish mode.

1.) the downtrend line from the peak in May was broken yesterday, with a confirmation day today on high volume

2.) RSI, MACD an stochastics all show an uptrend in the making

3.) First resistance is the $1.67 top from back in June

4.) broke the 50 DMA today, and closed right at it.

5.) Volume picking back up very nicely.

My position: Long at $1.40 starting today.

[Ramsburg]

Trading Idea:
TGC had a great rally earlier this year, and is now consolidating inside a big symmetrical triangle pattern. There is no momentum alert so far, but TGC is now testing the support level, giving us a nice risk / reward risk taking in consideration that we want to hold a oil related stock on 3SOF right now.
So instead of buying a breakout we are now buying a support, taking just the risk of a breakdown but using a tight stop for this trade.

Trading Plan:
We'll buy TGC today at or near the open and then set a stop @ $1.05

[tokyopua]

It was a great day for the market overall today, but oil has started trading below some technical support levels according to CNBC so maybe that attributed to this stock not closing green today.  But wasnt this also a silver play somehow too? 

[Ramsburg]

It was a great day for the market overall today, but oil has started trading below some technical support levels according to CNBC so maybe that attributed to this stock not closing green today.  But wasnt this also a silver play somehow too? 

Hi tokyopua,
Yes, Crude has dropped almost 2% yesterday and that didn't helped TGC at all.

Update:
TGC is still trading at the ascending support line, the last relative low was $1.09 and our stop level is based at $1.05. Let's wait...

Trading Plan:
Hold TGC with a stop @ $1.05

[JKN]

Did your stop trigger or is the stop only for the closing price?

[Maestro]

The stop was not for the close only. Mine triggered at 1.05, sold at 1.04.

Another one bites the dust!

Speculative play, tight stop, small loss.

[tokyopua]

The stop was not for the close only. Mine triggered at 1.05, sold at 1.04.

Another one bites the dust!

Yes, I sold also, the instructions were sell on a print of 1.05.  It was just bad timing to buy oil stocks though it made sense at the time.

[JKN]

That's what I thought, just wanted to clarify.  I'm in small so I'll be daring and hope the support at 1.01 holds.  My stop is set at a buck.

[Ramsburg]

Just to confirm: position was closed today @ $1.05

bad timing for this one