TPET (tangiers)

Hi folks,

Welcome back Remo (and congrats once again)

Just wanted to ask your views on TPET. It's about to spud a 3 target well offshore Morocco with quite a high COS.

SP movement has been interesting with a recent 123 low on daily, followed by retrace to 13.3 just below the high of the 123 low move (13.5248). Now ticking up nicely again (currently 12.8% up at 15.375)

Thanks

resistances at circa 17, 18.5, 26.5, 31

screencast.com/t/N9wgJdSx

Breakout from convergence should coincide with imminent spud of TAO-1. Not for the faint-hearted though. 1st target (secondary) Upper Jurassic Assaka within ~ 15 days, primary target Trident prospect in the Middle Jurassic ~ 45days.

Interested in experienced chartist view.

weekly
screencast.com/t/uVQLktrgi09T

I feel so alone .........anybody there? echo echo

Just broke out downwards (probably due to no Spud RNS yet), anyway sometimes an initial break downwards is followed by a sharp move upwards (almost like a dummy move!) I've seen that happen before in the past.
Currently continuing to hold.

Not a lot of historical chart data on my software Count, so not something I would trade. Looks as if there is soft support in and around 13.2ish.

Know nothing about the fundamentals of the share, so can't comment more than that i'm afraid.