BBRD Technical Analysis

6 ก.ย. 2014

Friday saw a strong bounce of the 200SMA, confirming it as a strong level of support at .0055. Price is making higher highs, higher lows as evident by the green support line and red resistance line (current and previous all time pps high). Curling Macd northward and on the verge of crossing the zero line showing a bullish reversal. Rising MFI and RSI further confirm bullish reversal with money re-entering the stock, Bollinger Bands are wide with lots of room to run before meeting first resistance at .0164. With appropriate volume we should be able to test this resistance easily this week, even without news. With merger completion, we should easily break through the first resistance point at .0164 and the second resistance point, the all time high of .0190 in short order. After that we are clear for a blue sky breakout through multiple pennies at least, in my opinion. Market makers WABR and GUGS who are known for reverse mergers remain on the bid giving a clear sign that we are still ago for merger completion. Share structure has remained unchanged, and no dilution has taken place which has been confirmed by the TA on almost a daily basis. We are expecting a PR early this coming week, per e-mail by the CEO of WERPO/SDE. Good luck to all!! -WhaleXpress, all is in my opinion.