BPT target price, page-595

By popular demand here is the latest charting instalment by a self professed non chartist.

Here we go with the myopic whole enchilada chart.

So we are clearly in an uptrend operating in the upper regions of the tortilla envelop with a bit of spillage out the top.

The 20, 50 and 100 EMAs have all crossed with the MACD in positive territory, however, the RSI is approaching the overbought area at about 68. On the whole the charts are looking good and tasty.

If indeed we are starting to move to >$2.00 it's important we don't get rejected this time around at these levels. We shall see because we all know we are in an uptrend until we're not.

Given the current takeover situation I just wonder if there is a something happening in the background that sees a deal that know one sees coming and we have a complete rerating of BPT. I say this because these deals are usually kept in tight secrecy, as it should be, and therefore, whatever happens people will be saying "didn't see that coming". Just my musings.

Enjoy!

Cheers
BW