How do they say $9?? In mid May HK formed a Golden Cross with the 50 day crossing upward over the 200 day. A very good sign. Also since last fall there is a nice cup. Was this last sell off the handle?? But given all that how do we get $9??
Question for ,.."Long time LONGS" ,..about 2.5 to 3 YEARS ago, (on the Weekly Chart) there are some HUGE Green Bars going from,.. $2.00+ all the way to OVER $12.00 in a VERY SHORT period of time !
Does ANYONE,.. KNOW what, "happened" for those "moves" ??
Also, I agree with Chartguy,.. $8.50 to $10.00 seems very doable IF,..next 2 Wells in TMS are GOOD, Oil Production increases better than "expected" , earnings get beat, and ole' Floyd gives a good C.C.