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ChartArtist (< 20)

BPZ Resources Attempting A Reversal



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

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


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