BBP 0.00% 9.5¢ babcock & brown power

technical support, page-2

  1. ape
    409 Posts.
    i dont think this stock has any real support all the way down to 8c

    the most important aspect here is that there is about to be a 21,89 day ma x over which is a powerful indicator for medium term bullish sentiment.If it closes higher tomorrow it confirms this stronger sentiment.

    the next higher high is 12.5c which is the safest place to reeenter but i prefer to re enter when a close is made above a new higher low

    hence higher highs higher lows are being made here , if you add a 21,89 x and an increase in On Balance volume its looking good.

    if it closes higher again tomorrow we are in with a chance of making anew higher high.

    good luck

 
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