American Energy Production Inc(fka AENP)

[sabregold1999]

Mr Hawk...

AMEP broke out of a flag yesterday. You use the candle bodies and not the wicks. The peaks on the wicks were the resistance and we are thru.

As for the cup and handle. Yes, we have started the assault on 14 cents and the chart is mirroring the move in the corn chart with fascinating symmetry. Based on price projections, I am seeing 40 cents sometime in March and at that level we may consolidate for a good while.

Tag has a projection in the long - term of $8.

With all due respect to the poster here, 7.5 cents is not resistance on this chart. The area above 7 cents is a "thin zone" as defined by my good friend Hoselrocket. That is why you could see a quick move to that level.

The flag projects to slightly above 10 cents but this is a "cult" stock and overshoots on the upside and downside.

I have to goback on my vacation here in Palm Springs. My best to everyone here, including the lurkers from my other board...that means u Chicken!