Boca Raton, FL (PressExposure) May 05, 2009 -- As the chart below shows Manas Petroleum shares have staged a clear and decisive upside breakout having easily blasted through its all critical Relative Strength, On Balance Volume and Moving average trend lines. Today Manas shares closed at $0.44 on 858,000 shares. The chart below is a weekly chart which I prefer because my experience is that weekly chart technical signals are vastly more reliable than daily charts.
Title: Break Out!
I think it is important to note that these buy signals (upside breakouts through the downtrend lines) below are happening for the first time since 2007! With all the giant projects Manas has underway there are several events brewing that could send its shares considerably higher. Please read last week's investment letter for my take on what could be next. For questions or for more information, please call me directly at 1-800-404-8982 or visit my website atwww.undiscoveredequities.com. Very warm regards,
Kevin McKnight 1-800-404-8982 Undiscovered Equities, Inc. 1515 S Federal Hwy, Ste 207 Boca Raton, FL 33432 http://www.undiscoveredequities.com