Blue Biofuels Inc (BIOF)

[IsaacIronridge]

Next Week Should Be Interesting

Once sellers dried up, there was quite the gap past .70, as predicted. If sellers are truly gone, 1.00 is the next resistance. Granted, the move today was extremely light volume (went from .70 to .84 on 100 shares, LOL), but breaking past the upside of the recent flag is bullish. There will be supply at .80 or so, as sellers started to fill up the ask (CSTI with 20k shares at .80). If buyers keep pushing the bid next week, the trend will continue toward 1.00. A close on good volume above $1 and the next leg would begin. If there is real money here and $25mm starts to flow in, this thing goes north to $4-$6. But one week at a time until we see that or get any other news. Good luck to all involved.