Toubani Resources Inc. T.TRE

tech analysis

[valmeidan]

I know many think it's not possible to analyze a stock like this at this point, but there are indicators that at least show what is going on from now backward, and try to see what is going to happen. If you look on the 1 month chart you can see the Macd finally coming back up...for how long who knows, but it has been down since the 27th so it is a good thing. Chart is still following the lower bollinger band on a standard 20 and 2 deviation but is slowly separating upward. Time will tell, and of course bad news will tank the stock, but good news will skyrocket it, so it is hard ( I agree) to use technicals on this stock but it looks fairly positive. That and we had a decent gap up at open