Trader's Cheat Sheet
| Support/Resistance Levels | Price | Key Turning Points |
|---|---|---|
52 Week High | 5.400 | |
14 Day RSI at 80% | 5.195 | |
13 Week High | 4.340 | |
14 Day RSI at 70% | 4.151 | |
| 3.970 | 3-10 Day MACD Oscillator Stalls | |
Pivot Point 2nd Level Resistance | 3.860 | |
4 Week High | 3.840 | |
| 3.790 | Price Crosses 40 Day Moving Average Stalls | |
Pivot Point 1st Level Resistance | 3.780 | |
| 3.776 | 38.2% Retracement from 52 Week High | |
| 3.761 | 14 Day %k Stochastic Stalls | |
| 3.709 | 14 Day %d Stochastic Stalls | |
| Current Price | 3.700 | Current Price |
| 3.652 | 14-3 Day Raw Stochastic at 80% | |
Pivot Point 1st Level Support | 3.620 | |
| 3.595 | 38.2% Retracement from 13 Week High | |
| 3.584 | Price Crosses 9 Day Moving Average | |
| 3.571 | 3-10-16 Day MACD Moving Average Stalls | |
| 3.558 | 14-3 Day Raw Stochastic at 70% | |
Pivot Point 2nd Level Support | 3.540 | |
| 3.370 | 14-3 Day Raw Stochastic at 50% | |
| 3.365 | 50% Retracement from 13 Week High/Low | |
| 3.316 | 14 Day RSI at 50% | |
| 3.288 | Price Crosses 18 Day Moving Average | |
| 3.286 | 38.2% Retracement from 4 Week High | |
| 3.275 | 50% Retracement from 52 Week High/Low | |
| 3.182 | 14-3 Day Raw Stochastic at 30% | |
| 3.136 | Price Crosses 40 Day Moving Average | |
| 3.135 | 38.2% Retracement from 13 Week Low | |
| 3.115 | 50% Retracement from 4 Week High/Low | |
| 3.088 | 14-3 Day Raw Stochastic at 20% | |
| 3.000 | Price Crosses 18 Day Moving Average Stalls | |
| 2.944 | 38.2% Retracement from 4 Week Low | |
| 2.850 | Price Crosses 9 Day Moving Average Stalls | |
| 2.773 | 38.2% Retracement from 52 Week Low | |
4 Week Low 13 Week Low | 2.390 | |
14 Day RSI at 30% | 1.968 | |
52 Week Low | 1.150 | |
14 Day RSI at 20% | 0.284 | |
| 0.000 | Price Crosses 9-18 Day Moving Average Price Crosses 9-40 Day Moving Average Price Crosses 18-40 Day Moving Average |
"Fraser Mackenzie Ltd. analyst Patty Shao jumped into the Utica shale gas play last week, initiating coverage on two of the play’s “first movers,” Gastem Inc. (GTMIF.PK) and Questerre Energy Corp. (QTEYF.PK). In doing so, Ms. Shao becomes the first analyst in Canada to formally weigh in on the play, but based on the explosion in investor interest over the past month, she probably won’t be the last.
In a report to clients she said:
Among the six juniors that are exposed to the Utica shale gas play in Québec, we believe Gastem and Questerre offer the best upside leverage through their acreage holding in the ‘sweet spot’ of the Utica shales.
Of the two, Questerre has the larger leverage to the play with an estimated 193,863 net prospective acres, including the royalty interest from its farm-in agreement with Talisman Energy Inc. (TLM). Ms. Shao told clients she predicts a total unrisked net asset value for the company of C$45 per diluted share.
For Gastem, she estimated an unrisked net asset value of C$31.62 per diluted share based on an estimated 53,921 net prospective acres in Quebec and New York State.
http://seekingalpha.com/article/76025-gastem-and-questerre-utica-shale-play-s-first-movers
The analyst slapped “buy” ratings on both companies but refrained from setting target prices given “the early stage nature of the play and wide variances in potential outcomes.”
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