Posted On: 08/05/2013 5:52:33 PM
Post# of 2561
BLUF Daily Chart ~ Day Two of this Summer Wild Card Did Well
The 1.20s to 1.40s from Friday are beginning to look very nice as the stock close at $2.00, just .03 below its high of the day. The breakout over the declining tops line (pink) proved to be a profitable guestimate of what might happen. Next up, imo, would be the horizontal resistance of 2.06 and then the high of $2.97 set in June. Should BLUF get past that, then we'll begin talking about the $5-$6 highs of March. Very impressive volume today of over 1 million shares. All the indicators are suggesting more to come as the FullSto is up sharply and the MACDs have just started crossing. But as always, with these wild cards, stay alert and keep your finger close to that sell button. GLTA
The 1.20s to 1.40s from Friday are beginning to look very nice as the stock close at $2.00, just .03 below its high of the day. The breakout over the declining tops line (pink) proved to be a profitable guestimate of what might happen. Next up, imo, would be the horizontal resistance of 2.06 and then the high of $2.97 set in June. Should BLUF get past that, then we'll begin talking about the $5-$6 highs of March. Very impressive volume today of over 1 million shares. All the indicators are suggesting more to come as the FullSto is up sharply and the MACDs have just started crossing. But as always, with these wild cards, stay alert and keep your finger close to that sell button. GLTA
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