Biocentric Energy Holdings, Inc. (BEHL)

[jbsliverer]

This chart is a update of a previous chart about 9 days ago with what I'm calling a bullish wedge pattern (several interpretations) and one can go back to look at my explanations and wedge examples in the previous post just prior to that one if one cares too.
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I have only adjusted my one descending wedge (yellow lines) a little and took out the other triangle (didn't really like that one) and added a possible high range if this turns out to be a true wedge breakout.

I'm showing here the fact that it has broken out and as I've stated before, the further into the wedge corner the more possibility there is for a "fake" breakout before the actual true candle breakout which indeed has happened.

I'm also showing both trend and regular candles and the PPS (Persons Proprietary Systems) moving averages and buy and sell arrows. Again as I've stated before, the arrow (down yellow in this case) usually happens before, during, or right after Persons' MA crossing and if it is so late after the crossing as it is in this case, the following downtrend will be short, not much of one at all if at all. That is shown to be true here. Also remember that one must wait until the end of candle period for confirmation of arrow. We ended the day with an up bullish arrow right on the MA crossing and it is confirmed. Not engraved in stone, can always be manipulated differently, but just good odds indication.

Now the upper range of this possible descending wedge breakout is a little bit above .013, but we are inside a bigger descending wedge and that wedge will be broken to the upside and may apply more of a pressure for the pps to rise above that yellow wedge upper price range. Again, triangles are what they are, no Hail Mary and the ranges do not have to be perfect, can be a little above or below the estimation, but these wedges are still holding to be valid at this point.

Down below the previous volume patterns in which similarities can be drawn, the Chaikin Oscillator did start giving some concern, but I believe it may just go back north and still give us a general upward pattern over longer period of time shown here. Also the CCI was a little late in coming but is moving upward as projected nicely and will hope it continues to do so. These things are a couple of the positive signals I spoke about yesterday that were needing confirmation. Those confirmations are in progress.

Also this is a record by far for down trend candles and the only way that can happen IMO without valid stock reasons (BEHL didn't have any apparent ones anyway) is aggressive manipulations, just the only game in town, it is what it is.

Again everything in my eyes, just the way I view some of the possibilities where BEHL might be going and sharing one particular perspective. Decide for oneself. Go BEHL