Stock in Focus: Trans-Asia Oil and Energy (TA)

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The stock of Trans-Asia Oil and Energy Development Corp. (stock symbol: TA) has come a long way since the mid-1.00s seen last December.

Price did advance through 2.50 (ahead of the gap around 2.60), fulfilling the script mentioned in my late-January post.

Philippine Stock Exchange, Trans-Asia Oil and Energy_TA Daily chart, May 21, 2014

TA Daily chart, May 21, 2014

The Money Flow Index (MFI) has eased since Trans-Asia Oil and Energy topped out at 2.68 last May 14.

Bulls are in full control of this stock unless the 2.00 psychological level gives way to serious pressure.

Do you have TA in your portfolio? Share your thoughts below!

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