Houston American Energy Corp (NASDAQ:HUSA) Right on Track
Fri, December 11, 2009 11:21:56
101 Plaza Real S, Ste 101
Boca Raton, FL 33432
1-800-404-8982
Houston American Energy Corp (NASDAQ:HUSA) Right on Track
One of the market's most respected and accurate long term indicators has just generated a “buy” signal for HUSA.
Only a few weeks ago I pointed out Houston American Energy’s very bullish technical picture as its shares formed a (now confirmed) breakout accompanied by long-term buy signals in its Stochastics, RSI, and OBV.
For more on this, click here for my latest report.
Take a look at the six month chart above and note the Double Top Breakout confirmed on December 10th, 2009. This is a widely followed and respected technical indicator whether it is for a market index such as the Dow Jones Industrials or an individual stock.
This bullish technical event occurred in conjunction with several other very important indicators. All of the trading and technical indicators are lining up in an ideal and very bullish way. This is occurring just as the company is ramping up its Colombian drilling program. I think what we are seeing now is just the beginning
For questions and additional information, please call me toll-free at 1-800-404-8982, or visit our website at www.undiscoveredequities.com.
Very Sincerely,
Kevin McKnight
1-800-404-8982
Undiscovered Equities, Inc.
101 Plaza Real S, Ste 212
Boca Raton, FL 33432
www.undiscoveredequities.com
It is important to note that Undiscovered Equities, Inc. has been paid by HUSA for I/R services. For a full disclaimer please log on to www.undiscoveredequities.com.
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