Birchcliff Energy Ltd T.BIR

Chart Update

[GuidoSan1]

A few days ago I offered opinion for consideration based on a number of BIR charts I keep over various time frames etc. and so far I happy to suggest they appear right on track.

In particular three I refer to regularly a 6 month 2 hour, plus 3 and 5 year weekly's with historical trend lines are suggesting the following to me for now:

6 month is starting to get a little toppy but I have threshold bars established whereby the travel above and below the 200 day moving average is recorded and that sees roughly an .80 move. On the current run they suggest a target top of roughly the 2.80 mark +/- , before petering out and although I prefer to see stronger volume beaking thru the 2.48 resistance established back from April 2020 a steady accumulation from here may indeed support a finish to the 2.90 area before I will assume retesting the 2.45 to 2.60 support established.

 Farther out on the 3 and 5 year, although there is is time left for continued rise, BIR is currently testing the long term resistance established back from Jan 2016 (yes really lol) at the 2.60 mark so I suspect that may take some patience until right around the time the earnings report comes out (go figure).

All good for now patience still key and I reserve farther out comment until we see if this suggestion comes to fruition so I don't have to have my opinions surgically removed, from either end lol.

GLTA, cheers.

[GuidoSan1]

PS, forgot to mention on the fundy side, the continued vortex in the key heating demand triangle of New York, Pittsburg, St. Louis, helping sustain NG spot price high 2's into 3's is simply also good timing for all NG producers share value farther out.  Low rig count, reduced fracking and depleting fields in the US, plus Biden's push for green (no not the green he keeps stuffing