Tuesday, July 3, 2012

New Stock On The Radar

A new stock has hit the Technical Report radar. It is a stock which meets several criteria that we look for and which we use to trade a stock using different methods outlined in our book.

For example this stock meets the criteria of our RCR and DEMAC techniques concurrently, so it has hit our radar and we will observe how it performs and then reflect back to see which trading method (the RCR or DEMAC technique) proved to be the better method.

The name of this stock is reserved for those who have purchased a copy of our book. But what we can tell you is that the company describes itself on its website as:

".....an emerging ASX-listed petroleum exploration and production company, headquartered in Perth and with oil and gas interests in Vietnam, Indonesia and California"

The chart of this stock is shown below: