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.
Tethys Petroleum has been a favourite bull prospect for quite some time and not only because it reminds me of my interest in Plate Tectonics. Indeed ever since the early February gap above the 200 day moving average then around the 37p level. It is normally the case that such vertical movements through the 200 day moving average especially while it is still falling, are the forerunner of substantial upside moves.
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