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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada)
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Comment by Steelhead15on Nov 13, 2013 4:30pm
423 Views
Post# 21903262

RE:RE:RE:Technical Analysis: Trend Reversal

RE:RE:RE:Technical Analysis: Trend ReversalRead the big TA books. I find only a little relevance to volatile growth stocks. A simple TA that seems to work better are simple tops and bottoms. BXE has just formed a double bottom but needs to continue the upward movement to be an important entry point. It is also doing this off the 100D MA.

Will it work or is it witchcraft? High frequency trading has sure messed up some traditional TA.

I think Petorr is looking at Fib numbers. My quick look showed a 6.70 bottom. Who knows if Fib works anymore. Computers and Big Houses have messed with things.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities