********************* Temp Rebound: RH Petrogas - A series of rebound calls since last week, PRICE NOW 0.415

What do you think? Can it stay above 0.400 now to head higher ?

Sent: Friday, December 19, 2014 9:08 AM
Subject: ********************** Temp Rebound: RH Petrogas - More upside 0.41 still, raise stop loss, price 0.405

As mentioned over the past few days, RH Petrogas has headed higher to the next resistance at 0.41. For those that has entered early, good to also take profit but note that clearing above 0.41 can give way to more upside too. Raise stop loss to 0.395. Support would be at 0.400 currently. Target would then be to 0.46 then 0.50 which was the original support in Oct and November.

Sent: Thursday, December 18, 2014 11:21 AM
Subject: ************* Temp Rebound: RH Petrogas - may be good for a short term technical rebound above 0.35 - 0.355 resistance level, price 0.37

Raise stop loss to 0.345 level. Volume stills seems strong as it pushed above past few days high again. LIKELY to head towards 0.400 resistance level. Let’s see if 0.37 – 0.375 clears out next. As long as 0.35 remains as the new support now, there can be a short term retracement especially for oil and gas counters which has been battered down.

Sent: Tuesday, December 16, 2014 9:24 AM
Subject: ************** Temp Rebound: RH Petrogas - may be good for a short term technical rebound above 0.35 - 0.355 resistance level, price 0.36

RH Petrogas has consolidated about a week below the 0.355 resistance level after the sell down seen and today we have seen some actions again back above the support turned resistance at 0.355. MACD on the verge of crossing over with RSI showing some signs of reversal. AS long as it manages to stay above 0.35 now, can see it trade back up towards 0.39 to 0.41 level. Stop loss at 0.335 for long positions. Note that downtrend is still intact with 20 day MA line still sloping downwards and this could just be a temp retracement.