We definitively broke downtrend in place since Jan. highs on...

We definitively broke downtrend in place since Jan. highs on Monday according to my reading of the chart.
We held that break the remainder of the week.
I hope that confirms the break of downtrend as I ususally look for a break to hold for 3 trading days before signalling a confirmation.
The stock has held up incredibly well IMHO given the dearth of significant newsflow. However, every day that passes is a day closer to significant newsflow.
In the interim, all it will take is a small buy order from one of BP's mates or anyone else for that matter for us to see new highs closer to $10.
God forbid the company actually releases something of consequence with an OEM and we'll be trading closer to $20. And we know for a fact that the company is dealing with a number of potential OEMs with a global footprint - Stryker, Bissell, Whirlpool...
Whoever doesn't want to play PO3 or is impatient will only be kicking themselves.
HAGWE!