Market Scheming

Wednesday, June 29, 2011

ESSENTIAL ENERGY SERVICES LTD (ESN.TO): Breakout, 6%+ pop midday

Yesterday post on the high volume signal was apparently was dead on.  Check it out.

This breakout is by all measures over extended so a pull back tomorrow could happen but this should be considered confirmation of a trend change until proven guilty by a break below the 1.90-1.95 range.
This stock has just completed an acquisition of Technicoil which has led to a larger service offerings and larger client base. 



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