The answer might give you a clue as to how high it could go.
From the chart, you might see a pullback in the next few days to around 2.7 and then see 2.9 or more in the future.
Anything could happen though - it could tank from here or it might never dip to 2.7 and simply rock on to above 3.
If you can find out why investors were excited today it owuld help. If there is no news to explain it, people in the know might be getting in now for a later upswing. Or it could be just a random blip up and will fall later.
-------------------- The light of truth is blinding to most.
More comforting to look only at the shadows of falseness.
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I think this is a swing candidate based upon its patterns, but I find most oil and gas plays to be risky swings....much better momentum stocks as Art said. That said, if you are going to go after a development stage oil and gas company try to buy in when it is on a dip, or with slow growth, rather than on an upswing. Recent oil and gas companies I own are TSNU and MVOG.
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