Miller Petroleum is flirting with breaking out of a pennant that has been developing over the last 1 1/2 years. MILL is a speculative oil/gas play that acquired drilling rights to some old areas in Alaska (paid $5m for $300m in assets, bysome estimates), and is in the process of bringing production online. Corporate DD here. It has come close to breaking out before, only to pull back. Often hard. Tomorrow will be an important tell, as the weekly chart is a little cleaner and a little more revealing than the daily chart. Here's the two year weekly:
With oil pushing ever higher, this is an interesting small cap to keep an eye on. I am long MILL.