Bridge Resources Corp V.BUK

TA AND CHART FOR THURSDAY

[zeta]

Hi -- Someone asked for a ta and chart, so, here it is.
BUK is looking very strong this week!! It is breaking out of a strong consolidation in the 1.10 to 1.30 range - heavy buying and strong accumulation is very evident in this stock, so I would be expecting some good upside action. Notice on the daily chart how the stock jumped out last Friday on nice volume -- a sure sign that those in the know, know something and are buying -- as well, you can see how the stock is holding very high above the long white bullish candle from last Friday -- again, a very bullish indicator. I think this move is just getting started - and is just stalling long enough in this 1.40 to 1.50 range to clean up the sellers that are left over from the previous run to 1.50 or so. BUK has moved into a nice uptrend and I liked the way it was trading yesterday - looks as if it is on the move again and should run into the 1.60's today -- I would just sit on my hands with BUK -- there is a lot more in this stock, in my opinion - to sell in this range would be jumping off the train , just as it is pulling out of the station. Next resistance is around 1.80 and then --- blue sky and who knows where it can go -- so -- looks very bullish and a good one to just wait for the momentum to build and the profits to start rolling in. Good luck on BUK -- I think you will do very well on this one. Here is the daily chart. Zeta

[SPARTA10]

thanks zeta for the info..im not sure if buk will hit 1.60 today as there isnt any volume, but i am sure that we are expecting some results very soon..

[Toasted2]

Thanks Zeta..Your input is very much appreciated...As for hitting the $1.60's...I think its certainly possible as much of the buying we typically experience seems to come along as the day progress'.GLTACheersT2As for next week...Time will tell. :)