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
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
| Classic | -0.0184 | 0.0233 | 0.0666 | 0.1083 | 0.1516 | 0.1933 | 0.2366 |
| Fibonacci | 0.0233 | 0.0558 | 0.0758 | 0.1083 | 0.1408 | 0.1608 | 0.1933 |
| Camarilla | 0.0865 | 0.0943 | 0.1021 | 0.1083 | 0.1177 | 0.1255 | 0.1333 |
| Woodie | -0.0625 | 0.0012 | 0.0225 | 0.0862 | 0.1075 | 0.1713 | 0.1925 |
| DeMark | – | – | 0.0874 | 0.1083 | 0.1725 | – | – |
Technical Indicators
| Symbol | Value | Result | Symbol | Value | Result |
| ADX | 34.6898 | Buy | ATR14 | 0.0303 | |
| CCI20 | 223.8216 | OverBought | Chaikin Money Flow | 1.0000 | Buy |
| MACD | 0.0070 | Buy | Money Flow Index | 94.4005 | OverBought |
| ROC | 39.1139 | Buy | RSI | 67.6042 | Buy |
| STOCH (14,3) | 59.8599 | Sell | STOCH RSI | 1.0000 | OverBought |
| UO | 80.4021 | OverBought | Williams %R | -40.1401 | Neutral |
 Stock Continues to Move Up: What’s The Buzz?){kind=link}