Monday, March 1, 2010
Banker's Petroleum set to move higher (BNK:TO)
I had previously posted a 6 month chart of BNK showing where it bounced off the 100 day moving average. Take a look here for a second bounce off that yellow line. We didn't quite get as close as I had wanted. My buy order was at 5.66 and it never got it and it doesn't look like it ever will. This thing reversed strongly to the upside today and I believe it only goes higher from here. The price jumped above the 20 day moving average and will be closing in on the 50 day moving average soon. Look for this one to break above the 50 day moving average. If it does then I see this one easily breaking previous highs of 6.50-6.60 range. Get in on any pullback. Good luck to all!
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment