(Moved from the BLY thread where I posted it by accident! Sorry about that)
Well, it remains a nice chart from my perspective but then again I charted it!
Looks very bullish with close at 32 cents, broken up through upward sloping channel, maybe into new trading channel, next target is the longer term resistance from the downward trend line which started in August 09.
If it can break 33 cents, should have a good run up to 200de EMA at 35 cents, clear sky to 50c if it breaks that.
Happy punting!
DVN Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
