Replies to post #16996 on Energy One Corp (EGOC)

[Texacoon]

Well the cup and handle pattern that formed over the last 6 months has worked just like it was suppose too. We are building the handle now. It even made the desired move upwards to the target area that it was projected too. if you know how that works in my honest opinion. TEX

[JohnCM]

I see the stock price bottoming out. May continue to do so for a week. I would venture to guess that this is a nice entry point ...

[CherokeeVette]

I see your point. I have only used TA in the past on larger stocks when similar patterns keep showing up over a 6 month to one year period. I know some posters are saying that Friday may have been the bottom, others not, Monday will be interesting. I noticed Barchart has down graded EGOC from a strong buy to buy, but still 100% for long. I dont see the justification for short term change. I thought the news was good up to now and should not have justified a short term change. But JMO.

I will be watching to try a pick up more cheap shares. Appreciate the info, I am picking up more technical knowledge each day. DD is not my weakness, but the technical side is and I really appreciate any help/support.