Our current technical analysis for TransGlobe Energy Corporation (TGL:TSX), is based solely on our charts. We do NOT check company fundamentals, news, earnings or rumours.
December 18, 2004 (Press Release) --
- The current long term trend is up.
- This current up trend would come to an end, only with a weekly close below $5.00.
- Current Long Term Price Support is at $4.69, and then $3.91.
- Current Long Term Price Resistance is at $6.25, and then $7.03.
- This stock has developed a Long Term Price base in the $3.00 area.
- On a Mid Term basis, this stock has recently seen daily Panic Buying, indicating a reversal lower may be is likely.
- A close below $5.75 would confirm that a short term top is in place.
This analysis is based on closing data for the week of December 17, 2004. It will change as time passes, and when new price data becomes available.
Company Profile
TRANSGLOBE ENERGY CORPORATION is an international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe, through its wholly owned subsidiary, TG Holdings Yemen Inc., holds a working interest in two Production Sharing Agreements in the Republic of Yemen where it has participated in new oil discoveries. The first of these discoveries, the Tasour field, was brought into production during 2000. TransGlobe also has producing properties in Alberta, Canada. http://www.trans-globe.com/s/Home.asp
TheUpTrend.com provides on-line Investors with daily & weekly trend analysis, price targets, support & resistance price points, and Who Is In Control analysis, on over 1,000 Canadian and US stocks, Canadian Income Trusts, Gold stocks, iShares and iUnits, as well as all of the major market indexes. For Long Term investors, we also provide weekly analysis on over 1200 Canadian Mutual Funds from 30 different fund families.
Our current technical analysis is available to the public for the next 7 days @ http://www.theuptrend.com/chart_samples.asp
TheUpTrend.com is an information service for investors/traders and is neither a recommendation nor offer to buy or sell securities. TheUpTrend.com is not a broker or investment adviser and is not acting in any way to influence the purchase of any security. TheUpTrend.com and its personnel may already have positions in equities presented. TheUpTrend.com, its officers, directors and employees shall not be liable for any damages, losses or costs of any type arising out of or in any way connected with your use of its products or services. Securities presented should be considered speculative with a high degree of volatility and risk. Before trading securities, you should consult with a qualified broker, investment adviser and other professionals. We make all trade decisions based solely on technical analysis and do NOT check company fundamentals, news, earnings or rumors. Past performance is not indicative of future performance.
http://www.theuptrend.com/site_map6/canadian-oil-stocks.html
- This current up trend would come to an end, only with a weekly close below $5.00.
- Current Long Term Price Support is at $4.69, and then $3.91.
- Current Long Term Price Resistance is at $6.25, and then $7.03.
- This stock has developed a Long Term Price base in the $3.00 area.
- On a Mid Term basis, this stock has recently seen daily Panic Buying, indicating a reversal lower may be is likely.
- A close below $5.75 would confirm that a short term top is in place.
This analysis is based on closing data for the week of December 17, 2004. It will change as time passes, and when new price data becomes available.
Company Profile
TRANSGLOBE ENERGY CORPORATION is an international exploration and production company with its corporate office in Calgary, Alberta, Canada. TransGlobe, through its wholly owned subsidiary, TG Holdings Yemen Inc., holds a working interest in two Production Sharing Agreements in the Republic of Yemen where it has participated in new oil discoveries. The first of these discoveries, the Tasour field, was brought into production during 2000. TransGlobe also has producing properties in Alberta, Canada. http://www.trans-globe.com/s/Home.asp
TheUpTrend.com provides on-line Investors with daily & weekly trend analysis, price targets, support & resistance price points, and Who Is In Control analysis, on over 1,000 Canadian and US stocks, Canadian Income Trusts, Gold stocks, iShares and iUnits, as well as all of the major market indexes. For Long Term investors, we also provide weekly analysis on over 1200 Canadian Mutual Funds from 30 different fund families.
Our current technical analysis is available to the public for the next 7 days @ http://www.theuptrend.com/chart_samples.asp
TheUpTrend.com is an information service for investors/traders and is neither a recommendation nor offer to buy or sell securities. TheUpTrend.com is not a broker or investment adviser and is not acting in any way to influence the purchase of any security. TheUpTrend.com and its personnel may already have positions in equities presented. TheUpTrend.com, its officers, directors and employees shall not be liable for any damages, losses or costs of any type arising out of or in any way connected with your use of its products or services. Securities presented should be considered speculative with a high degree of volatility and risk. Before trading securities, you should consult with a qualified broker, investment adviser and other professionals. We make all trade decisions based solely on technical analysis and do NOT check company fundamentals, news, earnings or rumors. Past performance is not indicative of future performance.
http://www.theuptrend.com/site_map6/canadian-oil-stocks.html
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