littleriver
Long

BXE looking for Redemption

47 0 0
BXE is a Canadian natural gas             producer. With the promise of continued growth, it has had a very good year. But recently the company cooled investors off with a stock sale that went south turning many off. Can the company keep pace with the growth they have promised or will there be more surprises? Price here provides an opportunity to buy with relatively low risk. But waiting for more bullish conformation by way of a breakout above 9 maybe another's idea of low risk. I have a target of 10.10 and a stop at 8.27. I have added several pitchforks to the chart demonstrating how price has gotten to this point along with the RSI . Sorry about the mess but I did it as more of a note to self than anything.
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