Replies to post #80 on Tengasco, Inc. (TGC)

[Long Jon Silver]

Looks like a turn around coming here. A Bullish engulfing pattern has developed. By definition a Engulfing Pattern is reversal pattern that can be bearish or bullish depending upon whether it is in an uptrend or downtrend. The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body. The RSI and Williams %R were both in extremely oversold position but now have exited this condition. Watch for both the RSI to cross the 50 line and the Williams%R to cross the -50 line for a strong uptrend to ensue. This one will be one to watch for a confirmation of an uptrend starting tomorrow.