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Scancell Holdings: From The People That Brought You Tethys Petroleum

By Zak Mir | Friday 21 June 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


 

As you might imagine, it is difficult not to have favourites amongst the dozens of stocks and markets you may be looking at from a technical perspective at any one time. In the recent past, the stock that delivered everything promised was Tethys Petroleum (TPL), as a break of 50p targeted 65p, and this was duly hit within a few days. As far as Scancell is concerned, it would appear that we have an almost identical charting setup here.



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