United States Oil and Gas Corp (fka USOG)

[The_Pro]

StockTA.com Gives Today's Candlestick
as a Bullish Harami.

Investopedia defines this as:
Because the bullish harami indicates that the falling trend (bearish trend) may be reversing, it signals that it's a good time to enter into a long position. The smaller the second (white)  candlestick, the more likely the reversal.

I see today's candlestick as a Hammer which signals a base is trying to be "Hammered" out or combo bullish engulfing meaning buying pressure is present.

We just had a 100% rise in price so consolidation has taken place. IMO buying pressure is there for a run up Thru Friday 10/08/10.

Any forward looking statement is crystal balling. But investors love to hear a target price increase. So it's for informational purposes only.