Technics Oil and Gas: Reached the Price Target

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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.

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