Propell Corp. PROP
We had PROP in our Extended Watchlist on June 25th at .0052, shortly after which time the stock traded as low as .0036. For the past three sessions, we’ve seen higher highs and higher lows, closing green each time.
Yesterday signified a key break in resistance, with the stock hitting a new high (since Feb.) of .025. For the ones keeping track, that’s a possible range of gains of 384-594% from the time of our first alert.
The chart recently underwent a Golden Cross, with the 20DMA superceding the 50DMA, often a bullish indicator. It looks as if the 20DMA could also cross the 100DMA.
RSI is looking like it wants to push into the powerzone, the PPO had a cross, and the Slow STO is about to cross the 50 overlay.
Should we see a pullback, we’d like to see support hold at .0098.
Transact Energy Corp TEGY
Here’s another Extended Watchlist play that turned a decent profit. We alerted TEGY on June 5th. On June 11th, it hit .03, before touching a new high yesterday of .061 for a gains ranging from 22-102%
The following press release, out Wednesday, could be a real catalyst for added gains, once it begins to sink in just how big a devopment $25M in new financing can be.
SAN ANTONIO, TEXAS, Jul 11, 2012 (MARKETWIRE via COMTEX) — TransAct Energy Corp. (PINKSHEETS: TEGY), an innovator in sustainable energy production, is reporting a memorandum of understanding that will provide the company with a twenty-five million dollar financing. Rod Bartlett, President, stated, “The company signed the MOU with Alfra Developers of San Antonio, TX, over 90 days ago but is announcing it today because it is now considered material, as the terms for the funding have been tabled.”