the first chart of BWLRF shows the stock for the last 6 months. the blue box highlights the very recent break above the 1.84 horizontal resistance on big volume. this looks pretty bullish to me. the ascending rsi and sto seem to indicate strength over this same period. holding this new level will be key.
the next chart below shows the BWLRF's entire history. from this chart we can see that the $2 is critical too. this stock topped out at $2 when it first debuted. then, as the red box on the left side of the chart highlights, the stock broke out above its ipo highs but only briefly. just now its retesting this $2 level. as the shorter term chart above indicates, it looks strong. breaking above $2 on big volume will be key for not breaking down again.
15 April 2007
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