Watch FEEC

US Oil tycoon Boone Pickens is currently in China to explore natural gas energy business opportunities. One company that operates in China and is in the business of exploring for natural gas (methane in this case) is FEEC.

Looking at the chart I see a large amount of buying on June 18th. Following that buying surge there was profit taking which brought the price back down to support at $1.40. Since that time FEEC has been slowly building up for another advance.

The chart analysis tells me that a buy on the move over $1.55 (1/2 position) and then a confirmation buy (next 1/2 position) on the move over $1.65.

This stock trades thinly at times but I feel this is just starting to attract attention now.

This is a speculative play and we only have one speculative play in our portfolio at any one time. Risk is always higher with the smaller stocks and that is why we never play more than one at a time. You don't want to expose too much of your portfolio to high risk. So we only have one speculative play at a time.

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