As my friends pointed out, Bellamy is looking awesome. We have now passed 200MA and it's time to go long for the stock. RSI is in overbought territory. However, stocks can be in overbought territory for a long time. The MACD is still a buy signal with strong demand for the stock. Should we test and break the resistance line at $10.94 by tomorrow then we should be able to test $12.57 shortly. Once again the volume is looking good with real force behind the stock.
BAL - Chart, page-505
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