Technics Oil and Gas: Reached the Price Target

If you have missed the boat of this stock breakout, it is too late to chase the stock now. Technics Oil and Gas has reached the minimum target price of $0.63 since the breakout from the falling wedge. See Previous Analysis.

The stock price was very bullish and continued the uptrend to reach 138.2% Fibonacci Retracement Level and started the reversal.  The upside is very limited as for now as this stock probably will drop back to the Fibonacci Retracement Level at either $0.687 or $0.615 for consolidation before start the next move.

Leave a Reply