MNP Petroleum Corp. (MNAP)

[tatrader11]

MNAP TA update. Well the .50 held and the chart is looking great. I added a lot .51/.52 as the .50 held. Fridays move was on high volume, as they say follow the volume.

We now have a sweet 4 point uptrend line in place and this will provide good raising support.

One can make out a reverse head and shoulders pattern on this last correction and with the neckline cleanly broken the upward trend is resuming. Note in the post before this I point out resistance at .70 and I will be selling the shares I recently picked up at .51/.52 holding a core posistion and playing the swings.

On the weekly chart we have a buy on slow stockastic, and the MACD is flat line at zero so any futher strength will have the MACD giving buy (MACD is a longer term buy indicater)

So basically a very positive chart.

Another chart I like is FEEC. Note the false emotional buying on Monday, that spike up was at the open (novice emotional buying) and it pulled right back. Very positive developements going on for FEEC. Another I am swing trading part shares and holidng a core posistion for long term.

And dont give up on very risky ERHE