Tuesday, February 20, 2007

FEEC (Far East Energy Corp.)

FEEC started an uphil climb in early Feb after broken away from it's downward slope. It has to now overcome the overbought RSI barrier while battling a bearish engulfing candle 3 days ago. If it does break through its immediate resistance of $1.25, imminent target is $1.33 and $1.69 is not too far beyond reach. ADX remained positive of the upward strength.

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