RE:Confirmed breakout for PTA (article)Thank you Tommy.
"Last week, PTA announced increased reserves in the assets acquired by Suroco, however those assets were offline due to a local community blocade. The reserve increases were enough to ignite an upward climb in the share price of PTA, which traded strongly last week, closing at $0.385 Friday.
This morning, for the first time on our radar, shares in PTA traded above $0.40, reaching $0.44 before levelling off to $0.41, where they last traded at press time.
This is a breakout for Petroamerica, which market technicians will want to see confirmed by continued heavy volume in the coming trading days. Petroamerica has a new short term target of $0.50 and a longer term target of $1.00, according to our CEO Technician, who marked up the following chart."