TXP find GASTXP is a small cap oil and gas explorer, this month they found significant gas in Trinidad and have a big drill coming up in November Longby only6greens0
TXP Harmonic pattern to 17 / 18 area?Does it look like a possible harmonic Pattern forming on TXP with an possible entry long at the 17p to 18p area? Share is waiting for news so possible drift to this area?by Razorsedge18890
Symmetrical Triangle - Good probability of break higherSymmetrical triangle with a false breakout 5th touch. Price distributing nicely across the demand area at 14.75 & onto the rising 200DMA. This should narrow over the next week or so & high probability to break higher. Although the present setup is a triangle, the convergence of the supply areas (horizontal supports/resistance) and the fib levels on this chart are very likely to make the overall completion look a lot like an inverse head and shoulders.Longby AntMwah4
52-week high of 37 centsQuote " Touchstone announced an operational and drilling update. The company achieved average second quarter 2018 crude oil production of 1,717 barrels per day (“bbls/d”), representing increases of 11% and 29% from the first quarter of 2018 and the second quarter of 2017, respectively." Although the volume is not consistent there are a few possible outcomes. Depending on tomorrow, the bulls might take over. TXP hitting its 52-week high will get the attention for interested investors and also those that want to collect their profits, that will determine the trend.by cheff.ip.21
Bounce off Trend line - 0.38 fibs support - 17p targetTrend line holding resistance becomes support at this level 0.386 fibs Longby vcm110
LONG till 17.1p target is met or news spike above itHolding support well at 50% fibs. Undervalued. Upcoming drills. Brent now over $75 Already on well 5 of 10 next operational update could be close to 2000bopd. Longby vcm111
TXP $TXP - LONG - Really good support at 23.6% fibs, several dips to that fibs. Closing above 50% fibs 12.8p will signal a bull move to retest the highs of 17pLongby vcm110