Tar Sands....heating up?

[Depleted]

Here is UTS Energy. Looks like it is building steam for an upside breakout. I need to look at other Oil&Gas Companies for confirmation. I also like DEE.TO. Anyone have a fav O&G Junior they watch? Cheers, D   

[pinetree]

Take a look at HERO, 1-yr chart.

Looks sort of like an inverse H&S with the neckline near $6.
Broke above the neckline last week, maybe now it comes back to retest the
breakout point?  Price target is $11!

Lots of similar patterns in O&G stocks.  Look at APA for example.  The
resistance area dating back to late last year is $85-90 and last week it broke
out.  It looks like a inv H&S too, more clear on a line chart.  Decent volume on
the breakout day, so who knows... target would be $130ish.

$WTIC is an ascending triangle pattern, awaiting a break above $75.

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EDIT - Here's one more, not oil but another H&S bottom, in X (US Steel).
Start at the high on Nov 1 2008, that is the neckline, breakout at the start of
Aug '09 and successful retest early this month.

http://stockcharts.com/h-sc/ui?s=X&p=D&yr=1&mn=0&dy=0&id=p05809144992