qerttennessee.blogg.se - Torchlight energy resources inc

engages in the manufacture and development of functional materials. Eventually a break above the $10 resistance could bring about a strong bullish move.īearish traders would like to see the stock fall below the $6 level and the higher low trendline. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. About Torchlight Energy Resources (TRCH). If the stock can see a bounce near these levels bullish traders would like to see the stock begin to work toward the $10 resistance. Has closed on debt financing totaling 6 million and will be drilling three new wells on its Orogrande.

The stock continues to trade along the higher low trendline, this trendline may add another level of support near the $6 further adding to the possibility that the stock could see a bounce here.īullish traders would like to see the stock find some support near the $6 level or the higher low trendline.

The $6 level was also a level of resistance previously, but as the stock price trades higher than this level it may now hold as support.

Torchlight Energy Resources Inc is a brand of.

The $10 level is somewhere the stock previously found resistance, following the merger the stock fell below this level and may now hold it as resistance. The Torchlight Energy Resources Inc brand, founded in 2000 (United States), from 328 competing brands.Each of these moving averages may hold as a possible area of support in the future. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary.The stock is trading above both the 50-day moving average (green), and the 200-day moving average (blue), indicating sentiment has been bullish.Following the merger, share price has fallen and now looks to be trading within an old channel.