Research Pit

[nlightn]

TRLG,...lonestar,...it looks very unconfirmed on a TA basis. mainly because some of the indicators just moved into a trending territory (positive) and it is difficult to tell if there might be some pullbacks and whipsaws as it consolidates a this new level. (ADX low signal)

on a daily chart and weekly the pps moved past the upper BB which is bullish in principle but combined with the other indicators no exact confirmation can be made.

additionally there is a move up in pps as the volume is drying up,...usually a bearish sign.

with the ADX(14) at 17.90 it is indicating that the next move will be strong. granted the ADX move occurred on Apr 14 when the +DI crossed the -DI. the black ADX line has stayed low up with an upward turn and from that turn the ADX line moved past the -DI. this is a positive. as a rule,...when the ADX is rising, and is above the lower directional line (-DI) the trend about to take place is worth following. directionality in increasing. this usually indicates going long.

if i had to take a guess,...i'd say TRLG has more to go. basing that assessment on the strong rising ADX. as stated above there might be some pullbacks and/or whipsaws,...

also the 50MA and the 200 are on course to cross,...if this occurs that is a powerful bull signal. it is difficult to say how long that will take but a guess would place it to be around the end of this month or early Sept.