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BDCO breakout!

Apr 22, 2008 investing, trading

I’ve been waiting for this.  BDCO (Blue Dolphin Energy Co.) has a habit of consolidating, consolidating, consolidating, then breaking out with huge momentum.  We need good volume today and for it to keep making new highs.

If BDCO can break out of the $1.47-$1.45 resistance, it will break the consolidation pattern beginning in early December.  This could mean strong and fast movement possibly back up to $3.  If it can’t break resistance, it could mean another half a month to a month of consolidation before another chance at breaking out.

BDCO price as of 12:00 PM central is  $1.46.

I am not a financial adviser.  Never buy or sell stock based on my recommendations or analysis; do your own due diligence and consult your financial adviser.

This entry was posted on Tuesday, April 22nd, 2008 at 10:02 am and is filed under investing, trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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