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Friday, 29 June 2012

TAT $1.08 Technical H&S bottom reversal

Price broke the neckline last Friday and has consolidated very nicely above it and the 50ma. I waited to alert so as to confirm a breakout on TAT and am confident in an upward push.
 For a petroleum play some might find this a little to risky if you look at what oil is doing as of late, but a bullish chart in a downed market can be a good testimant to the Co.'s strength. TAT should be a nice short term play off this H&S bottom and could turn into a real nice long term play as well!

Good Luck and Happy Trading ;-)

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