Wednesday, May 4, 2011

BRZL - Could Make For An Interesting Trade Tomorrow


BRZL closed down again today finishing the session art $.0104. Looking at the chart, BRZL sits right on the bottom of its trend line, a break below $.01 tomorrow would set up BRZL for further declines. Also note the 50DMA is $.009 and a break through that figure could also trigger more losses.

What I would look for tomorrow is the stock holding above $.01. If I were to trade BRZL tomorrow and beyond, I'd want to be trading it over $.01 and to possibly new recent highs. The trend is still up and I think there is a very good chance BRZL posts gains tomorrow for investors. I think the stock could see $.015 - $.02 before weeks end if support holds at $.01.

No comments: