BLZ Breakout from downtrend and retracement from fall
BLZ Broke out FEB 4th and rose with volume to FEB 16th ish. Rose all the way from 13 1/2 cents to 24 1/2 cents which is almost double so I hope profits were taken. Then there was an extremely sharp fall back to the point of breakout and a little lower. Now it has broken through the .236 FIB so I would be a buyer with the expectation of the .5 and .618 retracements. I drew the FIB downward starting at the .245 all the way down to the point of breakout. The downtrend has been broken and so has a reverse head and shoulders been broken. I'm gonna go buy some with the .5 and .618 as targets.
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