Hemi Energy Group Inc. (fka HMGP)

[PinkElephant]

I agree. Looking at the chart Jagman posted it looks any cup and handle pattern probably already happened. The consolidating from the first of the year through the 16th was at the same level as the beginning of the cup in the last week of July. We could be in the middle of the breakout right now.

http://www.investorshub.com/boards/read_msg.asp?message_id=16368870

On the other hand there looks like there could be resistance at $.20 and $.25 where we could have another handle forming type pattern. Anything that happens will be short and shallow, though. Volume before July where these patterns started was much lower than it is now. The resistance at $.20 and $.25 may not be very strong. Depending on what news we hear in the next two weeks, we could be well on our way to the $.30s by the first of the month. After that there is an open field.

We also will have had the golden cross at that point increasing exposure right as the geo reports and new wells get started. I am starting to understand why some are calling for $1 by early summer.