Barrel Energy Inc
Long
Aggiornato

BRLL Long-Term Play

127
This stock came upon my filter radar at least 3 weeks ago; the chart is as simple as it gets for this phase of price action.
I have found this time a great opportunity to accumulate as appears new foundation is being established prior to next move.
Take note of all comments and disclaimer on the chart
Constructive comments only. EES
Nota
Correction: The eye of the storm is looking more like $0.057 and not $0.060
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Just a matter of Thyme. Appears that $0.06 will make for a great foundation for the future.
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Dropped to $0.03 and then finished the week above $0.06. Well done if you bought at the low. The bottom coincided with what I call the 3 point convergence of multiple channel patterns; in other words, it is a key pivot point zone of support.
Around the $.04 zone, price found major support on the M13 and W50 moving averages. With those items complete, the price action can move higher.
Am still expecting a $.78 to $.90 price target for this phase.

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