Simba Essel Energy Inc SMBZF

Just for fun

[HeyIrish]

This is not a recommendation to buy SMB. It is, as the header says, just for fun. Look at SMB’s chart for the last 5 years. Draw a line connecting the lows and another connecting the highs. You now have a 5 year price channel. Bottom line is support top line is resistance. You should see a repetitive pattern of SMB bouncing off the support line to make new highs. Pattern seems to repeat itself every 8 months. So if we continue this pattern we should be around .30 in about eight months. Stock charts breakdown all the time so I wouldn’t bet the farm on them. However, I like the odds based on all the potential news that should come out over the next eight months. The possibilities for going over the thirty cent mark are very real. SMB has spread the risk out over several good properties with each property having the potential of becoming a company maker; hopefully this will protect the share price from a single property failure. If the pattern should repeat itself we are looking at a price increase of almost five hundred percent within less than a year. Companies like Simba are the reason why I play the penny stocks.