paulwollc5
Long

PWE - Bull flag breakout Friday w/expanding volume.

NYSE:PWE   PENN WEST PETE LTD NEW
143 0 0
Bounced off significant support at 11.70 area. This was prior breakout zone. Now going. This can have legs to push a lot higher percentage wise. Can play this at or near the support entry near 11.70 with tight stop. Or on confirming bounce off 12.10 area on pullback. Also like red/green play. Depends on your risk levels. But looks good this week.
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