Eagle Energy Inc T.EGL.UN

Primary Symbol: EGRGF

Energy

Eagle Energy Inc is a Canadian company operating in the Energy Sector. The company is engaged in the acquisition, exploration, development and sale oil & gas and hydrocarbons with operations in Alberta, Canada and Texas, United States. While derives majority of its revenue from Canadian operations.

EXPM:EGRGF - Post by User

Eagle Energy Inc

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Comment by gwplanton May 13, 2014 12:06pm

175 Views

Post# 22555635

RE:RE:RE:RE:RE:RE:EGL opens strong

This....hit $6.33 and bounced down, hit the resistance and shows there is no uptrend set as of yet, now we see which direction it goes, next direction will be important, will have to either break through the resistance level or else it likely will head lower, lots of sellers lined up in the $6.30-$6.50 area as shown this morning.

gwplant wrote:

rajags wrote: That down trend was reversed, after the actual 1stQ results were published 9th May. Up 5.5% this morning.

This is quite inaccurate...there is alot of overhead resistance coming up in the $6.30 to $6.50 area, a new uptrend has yet to be confirmed by TA. Nice run the last few days but it is going to need some time to confirm.