Bellatrix Exploration Ltd (Canada) BXEFF

Technical breakout

[ERTguy]

This is a textbook set up here as the stock is breaking above the ascending triangle.  We could close that gap down from 1.33 and continue upward here in the next few trading days.  Some good news would be very timely on this momentum.  Cheers

[marketdiva]

I already gave you the good news ... inplay oil closed their deal and are approved to do the reverse takeover on the tsx ... . Therefore bxe asset sale will close , and they will get banking support due to that sale ; plus commodity improvement .... Just connect the dots .... inplay NR is confirmation of bxe closing the deal .... many fund managers will wait for the certainty and I bet many still

[ERTguy]

Oh wow that never even clued in. Great find!!  Makes a lot of sense why we are seeing little resistence on the sell side today.  Cheers

[marketdiva]

I generally get stock watch NR daily ...b4 open and after close ... however I had to dig thru inplay oil to find that release. ..you won't find it looking for bxe news . I'm also convinced that even though there is always an initial trading reaction to news releases ...the substantive effects may not be felt for quite some time ..... for example some fund might be looking at bxe a month

[seashore]

With another good EIA report hopefully we'll see it break throught $1.00 USD next week.