See my earlier analysis on 19 Oct 2007After a severe decline it looks like Bitterroot has bottomed out and is back on its way up. The P&F chart shows an upside break projecting to the $0.72 level. Of course, as it progresses there will be additional projections that come into play. At the present there is risk involved from the P&F stand point as the break was through a secondary down trend line while the primary one, from the previous top, has still to be broken.
The move on Friday has turned the intermediate term moving average just slightly upwards and the momentum indicator has just inched above the neutral line. Volume is still low but is expected to improve as the bullish trend continues. This might be a good one for the gambler at heart.
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