BPZ Res. Inc. (fka BPZRQ)

[ospreyeye]

$BPZR chart - EMA 4 @ 0.092 is the 1st $KEY level to close above - EMA 8 @ 0.13 is the 2nd - pullback after hitting EMA 4 resistance on light volume Fri. - the lower wick on Fri.'s candle shows loading off LOD levels - Fast Sto oversold and RSI riding the 30 oversold line - keep an $EYE out for a close above EMA 4 this week - that would be bullish IMO - looking at the chart closer it looks like a bearish pattern developed -

http://www.candlesticker.com/Pattern.aspx?lang=en&Pattern=2205

BEARISH DARK CLOUD COVER reversal pattern formed -

Definition
This is a top reversal pattern with two candlesticks. A white candlestick appears on the first day while an uptrend is in progress. The second day opens at a new high, with a gap up and closes more than halfway into the prior white body, leading to the formation of a strong black candlestick.