Blockchain Stocks: Why MARA, SOS, RIOT, HVBTF Stocks Are Down Today.5 Penny Stocks Making the Biggest Moves Today.Take a look at all of that information by following the links below! More Monday Stock Market News We’ve got stories covering the top five penny stocks on the move today, why blockchain stocks are taking a beating, and plenty of other news worth looking into. offers incredibly in-depth daily coverage of the stock market and today is no different. Of course, there’s plenty more stock market news worth looking into today besides just this. TRCH stock was up 42.3% as of noon Monday and is up 1,152.1% since the start of the year. That’s a massive surge in activity compared to its daily average trading volume of about 16 million shares.As of this writing, more than 225 million shares of TRCH stock have changed hands.Those predictions are coming true as the company is seeing incredibly heavy trading of its shares today.It’s also worth pointing out that TRCH stock was talked about as a potential short squeeze target over the weekend.It’s set to be paid out to investors in TRCH stock on June 25.Luckily, they won’t have to wait long for the merger dividend.That’s a massive range for the special merger dividend that investors will have to hold out for.However, analysts are expecting to range from anywhere between $1 per share and $20 per share.Investors that are wondering how much the dividend will payout still don’t have any concrete details.They will also have to continue to hold those shares through June 24 to be eligible for the dividend.
Starting off, it’s worth noting that investors will have to be on record as holding TRCH stock starting on June 22.
Torchlight energy stock free#
Get free Elliott Wave Analysis on over 70 instruments including GOOGL, TSLA, AAPL, FB, MSFT, GDX and many many more.Here’s everything investors need to know about the merger and what kind of dividend holders of TRCH stock can expect.
Torchlight energy stock pro#
Improve your trading success and master Elliott Wave like a pro with our free 14 day trial today. Elliott Wave counts can evolve quickly, be sure to have your stops in and define your risk when trading. Risk ManagementĪbove all, using proper risk management is absolutely essential when trading or investing in a volatile stocks. Presently, the expectation is for a rally into blue (1) before pulling back in (2), and then further extension higher. For now, the bottom is favoured to be set as long as $1.27 level holds. This would would point to a more prolonged correction in time and price. Should the stock continue to fall lower than 1.27, it would likely diverge in momentum. The RSI momentum at the Red II low has a very extreme reading. After that, another swing lower to form a low in Red II. From the Red I peak, prices sharply fell in a double correction ((W)) wave. Coming out of an all time low in September 2020, this peak can be counted as the first wave of a long extended rally. There is a clear 5 waves structure heading into the Feb peak. It can be expected that a long and deep correction can be expected from such a rally.
The rally from the 0.21 September low to the 4.83 February peak represents a 2300% return within a few short months. Lets dig into the charts! Torchlight Energy Resources Elliott wave View:įrom the September 2020 low at 0.21, the trajectory on this stock is nothing less than extraordinary. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale.” (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. Lets take a look at the company profile and see what they do: From an all time low of 21 cents set in September 2020, to the recent peak of 4.83, this stock represents high volatility price action. There is one energy producer that has vastly outperformed many other producers, Torchlight Energy Resources. Oil has hard a remarkable rally from the March 2020 low, and further upside is favoured to take place in the energy sector still.
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