Monday, June 18, 2012

BPZ-Trade Idea (Long)

Something seems to be going on with BPZ and I'm going to look in to a speculative long position (I consider all longs to be speculative for risk management planning right now as the Primary trend in the market is very ugly). I'm not sure what I'll choose as a vehicle for a long trade there, but I like what I see (I'll let you know before).

 BPZ Daily, something is going on with the volume, it looks like mini-capitulation.

 BPZ daily closer view

 BPZ 1 min positive

 2 min positive


 BPZ 3 min leading positive

 5 min leading positive

 15 min leading and 2 relative positive divergences.

 30 min leading positive

And the big one, 60 min leading positive.

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