This blog is purely for education purpose by using actual daily securities data through Technical Analysis. It is purely author opinion and record purposes. There is no suggestion to buy and sell any securities.
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Wednesday, 12 March 2014
BORNOIL Symmetrical Triangle breakout
Bullish signal triggered during morning trading session,target price at around 0.87 which is based on the triangle price projection.
After the symmetrical triangle breakout with high volume, the strong resistance is at $0.71. The bulls and bears are now fighting at this mentioned level, closing price of today need to stay above $0.71 with high volume. Then the BORNOIL has a high probability to trend higher to retest next resistance 0.745.
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