TransGlobe Energy ( TGA) This company is mainly engaged in the exploration for, and the development and production of, oil and gas in Egypt and Yemen. This stock is trading up 5.8% to $9.55 in recent trading. Today's Range: $9.09-$9.57 52-Week Range: $7.80-$14.46 Volume: 610,000 Three-Month Average Volume: 101,780 From a technical perspective, TGA is bouncing here off some near-term support at $9 with monster upside volume. This stock has been downtrending badly for the last two months, with shares dropping from its high of $12.58 to its recent low of $8.89. During that move, shares of TGA have been consistently making lower highs and lower lows, which is bearish technical price action. That said, TGA is starting to rebound here with heavy volume, which could mean the stock is ready to reverse its bearish trend. Traders should now look for long-biased trades in TGA as long as it's trending above $8.89 with strong upside volume flows. I would consider any upside volume day that registers near or above 101,780 shares as bullish. If TGA can maintain that trend, then this stock could easily bounce back towards its next significant overhead resistance levels at $9.81 to $10.23. Any high-volume move above those levels could then send TGA back above its 50-day at $10.31 and its 200-day at $10.64. VisionChina Media ( VISN) This company operates out-of-home advertising network using real-time mobile digital television broadcasts to deliver content and advertising on mass transportation systems in China. The stock is trading up 3% to $4.40 in recent trading. Today's Range: $4.06-$4.49 52-Week Range: $3.00-$37.20 Volume: 24,000 Three-Month Average Volume: 22,192 From a technical perspective, VISN is bouncing higher here right off its 50-day moving average of $4.07 with above-average volume. This move is quickly pushing shares of VISN within range of triggering a near-term breakout trade. That trade will hit if VISN manages to take out some near-term overhead resistance levels at $4.50 to $4.80 and then $4.92 to $5 with high volume. Traders should now look for long-biased trades in VISN as long as it's trending above some near-term support at $4, and then once it sustains a move or close above those breakout levels with volume that hits near or above 22,192 shares. If that breakout triggers soon, then VISN will set up to re-test or possibly take out its next major overhead resistance levels at $5.54 to $6.20. Any high-volume move above $6.20 will then put $6.96 into range for shares of VISN.