United States Oil and Gas Corp (fka USOG)

[The_Pro]

I Will First Refer All To Read Beacon Equity's Tutorial On Flags And Pennants:

http://beaconequity.com/mini.ebook.pdf

First a time frame. According to Beacon's Tutorial the length of time, for the pennant, can be as short as 5 days or up to 3 - 5 weeks. The pennant formed on 10/13, so USOG is now heading to it's 8th day. 3 - 5 weeks would get us right at the 10Q for Q3 2010 release date. I expect activity to start the first week of November or 3 weeks into the pennant. So the length of the pennant I would give as 3 - 4 weeks.

Just eyeing up the two converging trend lines, the downward sloping one and the upward sloping one and taking that out 2 weeks I would say high .004's with no further back up than .0042, the close before the second major gap. I would expect USOG will fill that gap and no more.

The breakout, when it will occur, will have alot of volume associated with it and the opposite side continuing pole should ensue. The length, equal to the first pole, approx. .0075 - .0076 (when the breakout occurs add this amount to that baseline price).

I can't say for sure any prices, but for sure USOG is in a bullish consolidation uptrend.