The prices of oil stocks and crude oil itself boomed in 2022, although the crude oil commodity price made a big correction lately down to $65 after it topped $130 at the beginning fo 2022. Now, I am predicting to see another nice bull trend that would cause to pump the major oil stocks and my favorite oil stock in the very near future. As you see, in the previous blogs I have been posting, I have made tremendous purchases of one oil stock BDCO (Blue Dolphin Energy Company ) since November 2021. It has been doing amazing!
<These are the previous posts related to BDCO>
October 2021 / Oil Trust Me
October 2021/ BDCO Stock Prediction Made October 2021
July 31 2022 / Rallies Predicted On Oil Stocks Between Aug To Dec 2022
October 28 2022/ BDCO Prediction Daily/Weekly Scale In Oct 2022 and Become A Market Maker
January 2023/ BDCO Prediction On Breakout 1st Q 2023
January 2023/ BDCO 4th Rank In OTC 2022
February 2023/ BDCO Prediction On Breakout 1st Q 2023 #2
I predicted that a major breakout of BDCO would take place in the first quarter of 2023. It did happen as I predicted on 1/11/2023 and it went up from $1.01 to $3.02 on this date on 4/12/2023. This is a over 200% return. I highly doubt that you can find any stocks that can perform better than BDCO during the slow sluggish recession.
My analysis showed that 2.73 is the natural resistance, thus it would stop and make a correction there. However, the correction didn't take place as long as I anticipated because of the strong demand. Now it broke out the natural resistance, $2.73 due to the strong momentum, I am expecting it to continue up to the next natural resistance. I will verify where to top as I go. The only thing I can say for now is "BDCO is BUY".
