RE: ChartwiseThank you for the very nice answer. Now I understand the difference in our opinions. Fundamental vs. technical approach. Different tools , different attitudes, one dismissing the other. We can afree on Ballard, yet many "energy related" issues are warming up. With rising popularity it takes very little news and an average financial condition of the company to move a stock up.
Anyway, I know what I know. The last chart as promising as present WPT chart was Forbes Medical at .80.
Chart notes:
15 mintues: nice buying volume in the last hour of yesterday.
60 minutes: the triangle has to break very soon, either way. 2.10 on upside, 2.05 on downside with some MAs support at 1.9
Daily:broken downtrend from April highs, the proce is just sitting on top.
Weekly: rising channel topping around 3, on the break-out clean air up to 4.70, support 1.72
Monthly: as stated before target $10+ (7-11 months). It was only 3 years ago when Westport was near 10. The advance time is usually half or less it took the stock to drop and level out.