Global petroleum will be drilling around february 2010 this has rebounded nicely off its Bolinger Band 20sma average at 17. Planned a swing trade from bounce but held for breakout, occured today 19.5 with volume well above 50sma and Moneyflow index breakout. Resistance at 22 and 25.
Moving averages short to mid term have crossed up and nice uptrend line to run a stop.
Regards RM
