What does Galicia Energy Corporation Ltd do?
Galicia Energy Corp Ltd [ASX:GAL] is an Eastern European centered oil and gas exploration and development company focused on advancing highly prospective assets within the oil and gas provinces of the Ukraine and Eastern Europe.
This places the company in a troubled sector, in a troubled part of the world.
Anyway, what is the chart telling us?
What does the chart look like?
I find it helpful to bring up a chart. Here’s the daily chart of GAL.
Source: STEX
There hasn’t been any significant news, however, the chart is indicating noticeable activity since April this year.
What now for GAL shares?
One feels that there is news of some description to come from this company. We just have to wait and see what that might be.
As part of one’s investment analysis, you should always keep an eye on announcements. It will inform your investment decisions and is all part of reading the charts correctly. You can get some more ideas on reading charts here.
Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts
Join The Daily Reckoning on Google+