MNP Petroleum Corp (MNAP)

[tatrader11]

MNAP --- I loaded up again at .155 when they announced news regards "seismic contract with Sinopec ". As often happens when you invest on fundamentals NOTHING happened, in fact stock weakened a tad. Then the news (MORE IMPORTANT) of
"MNAP is pleased to announce that, effective November 22, 2011, it has retained General Research GmbH ("GR") to provide investor relations and corporate communications services in Europe."

Again I bought more .14, and this time some volume came in a couple days later, a good sign.

MNAP was really lacking in the "Investor Relations/Promation" area. Hopefully we will have some promation now and this stock will fly over time.

Right now TA looks very good. A high volume flag formation is forming and today I expect the short term down trend line forming over three days will be breached and then followed by .20 being taken out and expecting a FAST move to .25, like even a 1 day move.

So its looks very pretty long term, mid term, and short term for MNAP.