BAS 1.28% 7.9¢ bass oil limited

Ann: Australia's BAS announce new Indonesian drilling program, page-157

  1. 471 Posts.
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    yeah its hard to make heads or tails of spec stocks and their charts. too volatile.
    im not a pro either, but in my opinion that rise and pull back shows a strong buy demand which has a slight pull back of short term profit takers. After a brief consolidation the strong buy demand pushes it up again. Then slight pull back with profittakers, perhaps stale holders.... then the strong buy demand pushes it up. Eventually after enough churning and consolidation the upward pressure will breakthrough the resistance level and climb significantly higher. Only my opinion. I could be wrong.
 
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