Charts on Near Term Uotrends Message Board

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Strategies & Market Trends : Charts on Near Term Uotrends

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To: arnold silver who wrote (721)	6/24/2004 2:07:47 PM
From: Jibacoa	Read Replies (1) of 1404

Arnie, TGA made a new H on January 15 at the 3.14 level, after four years of sequential increase in earnings (from $0.01 in 2000 to $0.11 last year when it was able to trade as high as $2.<g>) Today it traded as high as 2.84 at 10.15AM (now at 2.75 for the last few minutes) The highest one minute volume today was on a down tick of 60K at 10.11AM (2.80 to 2.78) The stock had done well since the recent uptrend started (on Nov.5 from the 1.19 level to the Jan.15 level at 3.14) Its nearest resistance is now at today's intra-day H of 2.84 and then the April 19 H at 2.90,and the April 8 H at 2.98 before it can retest the Jan.15 H <g> Nearest support is at 2.60 and then at 2.50 The earnings in the 1stQ were up 33% ($0.04 vs. 0.03)and revenues were up 34% (5.9M vs. 4.4M) The stock has been helped by its announcement yesterday of the successful development of the well at Tasour #12 on Block 32 and the award of a new exploration block in the Republic of Yemen. bigcharts.marketwatch.com RAGL Bernard

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