BUL blue energy limited

double top keeps downtrend in place, page-12

  1. 2,859 Posts.
    Supermajor, the 2005 low of 5c should act like a magnetic force. There is also a gap from 5.2c to 6c in March 2005. The sp may attempt to fill that gap. I'm a big believer in the majority of gaps being filled. Not saying this one will be filled but the sp is heading its way. The yearly chart also looks like there is plenty of room for some more downside.

    I do have one other piece of evidence suggesting the sp will trade down around that level but is my top secret discovery that has an amazingly accurate success rate and I will never divulge it.

    As with anything, a good announcement could make all of my analysis useless.
 
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