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BPZ Resources Attempting A Reversal

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March 10, 2014 – Comments (0) | RELATED TICKERS: BPZ

BPZ Resources (BPZ) completed a one year Double bottom formation closing above $2.60. Interestingly, the second bottom has morphed into a 5 months H&S Bottom which has broke out earlier. Volume also has increased 3X giving more confidence in this long trade and a possible reversal and the end of BPZ 5 year decline. Initial target is $3.60. Stop loss @ $2.40

 

Charts & more at http://theartofchart.wordpress.com/2014/03/10/bpz-resources-attempting-a-reversal/ 

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