Terra Energy Resources, Ltd. (OTCMKTS:TRRE) Stock Continues to Move Up: What’s The Buzz?

Terra Energy Resources, Ltd. (OTCMKTS:TRRE) was in special limelight on Monday as the stock continued to jump and extending its weekly jump to 70%. Moreover, the stock almost reached near to its new high in the previous trading session.

TRRE stock closed higher by 22% to $0.1099. What is more interesting is that the stock had witnessed its highest one-day volume at least in the past year. Total volume for the session stood at 2.02 million shares, compared to its average volume of 47K shares.

So what triggered such a big move? Well, there was no news and as we all know penny stocks often do need news to trigger a big move.

But, one should note that the company does not have any active official website, and one needs to be careful while trading momentum-driven penny stocks. The company had a market capitalization of 382k (based on the closing price on June 17, 2021).

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20223.8216OverBoughtChaikin Money Flow1.0000Buy
MACD0.0070BuyMoney Flow Index94.4005OverBought
STOCH (14,3)59.8599SellSTOCH RSI1.0000OverBought
UO80.4021OverBoughtWilliams %R-40.1401Neutral

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