Trade Setup
Trillion Energy International Inc., together with its subsidiaries, operates as an oil and gas exploration, and production company in Bulgaria and Turkey. It owns oil and gas producing assets in Turkey; and a coal bed methane exploration license in Bulgaria. The company was formerly known as Park Place Energy Inc. and changed its name to Trillion Energy International Inc. in April 2019.
Stocks found in this category are low priced stocks priced between .50 and $4, with at least 50k shares of average shares trading per day. The stocks are pausing a trend either up or down, with a new bar over the prior day open or close. These are high reward to risk stocks with the potential for very sharp moves. A stop should be maintained at the low of the prior day. Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro.
