Looks to be breaking up................

Soem time ago I suggested that BNO was struggleing to break throgh its short term downtrend.

Today, I would suggest that not only has BNO convincingly broken up from its short term downtrend; it may well have broken up through its 5-year downtrend on reasonable volume.

Turnover is sufficient to suggest that this could be the break that we have all waited so long to see.

A modest amount of non-fluffy commercial or clinical news could push the share price through the 50c resistance.

I suspect that the stale bulls in this stock have already been shaken out, so there may not be much resistance to clear the magic 50c level.

Once into clear air, it won't take much to give shareholders a fun ride.

Here we go at long last............

Yep, I am turning bullish (again, again, again).....................