Gran Tierra Energy Inc. Trend Analysis.
Chart is courtesy of marketclub.
Gran Tierra Energy Inc. is an international oil and gas exploration and production company headquartered in Calgary, Canada, incorporated and traded in the United States and operating in South America. The Company currently holds interests in producing and prospective properties in Colombia, Argentina and Peru. The Company strategy is focused on establishing a portfolio of drilling opportunities to exploit undeveloped reserves to grow production, as well as undertaking exploration drilling to grow future reserves.
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2 comments:
http://www.streetinsider.com/Corporate+News/Gran+Tierra+%28GTE%29+Announces+$195M+FY10+Capital+Spending+Program/5191428.html
Gran Tierra (GTE) Announces $195M FY10 Capital Spending Program
Bound to break earlier highs,...only matter of time. Remember, all the charts posted here are viewed with the longer term trend as leading indicator.
The resistance line I've drawn on each chart is just an indicator, depending on your entry, whether you did or didn't add to the position, your nerve, time frame,...to use to either ditch, hold or add.
We are right back at the same place we where when I posted the chart a month ago.
I'd say still a great price to pick up some shares as in my opinion this will break out soon to great highs.
Don't let this get to 5.90 again!
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