Don't Ignore This Chart!

BIOF Has Some Volume Fuel In This Move

Greg Schnell

Greg Schnell

Chief Technical Analyst, Osprey Strategic

The ticker cloud on the home page had a new name on it today. BIOF was highlighted, so I clicked through.

BIOF 20140331

 

This stock really started to move a few weeks ago and look at the volume come piling in week after week. This rally was the first time that BIOF was able to push through the downtrend. 

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Good trading,

Greg Schnell, CMT

 

Greg Schnell
About the author: , CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More