Dewmar International BMC Inc (DEWM)

[ospreyeye]

DEWM Chart: Monster Breakout from a tight trading range on Massive Vol. Wed..........a White Marubozu formed.........that means no lower or upper wicks/shadows.........from the opening bell until the closing bell the bulls were in control................The opening trade was the lowest trade of the day & the last trade was the highest...........

Parabolic SAR had a bullish flip........MACD Bullish Crossover..........TRIX ready to follow suit........DMI w/ ADX shows the Bulls are in control.......CMF Bullish Divergence,,,...,,Accum/Dist shows heavy loading.........

MA(7) @ 0.0006 bullish crossed MA(10) @ 0.0006 & they both bullish crossed MA's(20 & 50) @ 0.0005.........Very Bullish technical development........MA(7) / MA(10) Bullish Crossover is one of our favorite Bull Signals.........as this chart shows when DEWM closed below MA(20)/Middle Bollinger Band on Jan. 6th it was the start of a new downtrend.........

Candles being formed below the Middle BB = Downtrend..........Candles being formed above the Middle Bollinger Band = Uptrend..........

The close above the Middle Bollinger Band/MA(20) signaled a NEW UPTREND is Starting........DEWM closed above MA(200) @ 0.001 on Wed.......the is the KEY level to turn into support.......the Upper Bollinger Band @ 0.0011 is the 1st support level on a pullback/dip.......MA(200) is the 2nd........as long as DEWM continues forming candles above the Middle BB the NEW UPTREND should continue.........

Fast Sto @ 100........temporarily Overbought.......RSI @ 78.16 & Full Sto @ 63.89.........RSI & Full Sto are @ the same levels as Dec. 11th & Dec. 24th.........both days were Lg. Green Candles & a pullback followed........looking for a change in trend........tomorrow will be very telling.......a green candle tomorrow would be a change in trend.......

There was a fundamental change in trend on Wed.......DEWM was virtually dead before the afternoon PR, but when news hit the share price exploded........in brief the PR stated currently no more toxic debt.............Huge News.........

DEWM on turn MA(200) into support & start a new Uptrend radar...........$$$