CBAG - Go Long?

Moniker: jmar
Symbol: cbag
[X] Entry
Duration: Long Term
Direction: Go Long
Comments: im already in this one and i thought you might like to look it over, only problem with this is the daily volume, somethimes its good and most of the time its really low, i bought this back in early nov 2006, price had crossed the 200ema, eventually both the 14ma and 50ma crossed the 200 and it has been in a slow uptrend, looks like today it made a new high,

CBAG is in the oil and gas sector. It's within a whisker of it's all time high and has come all the way back up from last years May sell off to touch those highs yesterday. Here's a weekly chart. As Jmar suggests, volume is light and even non-existent on some days so that's always a heads up that this isn't a trading stock as much as an investment one. The buy bars definitely outnumber the sell ones so volume is quite good. I would look to purchase a retrace off the breakout if it happens first or a retrace to either of those support bars I've highlighted on the chart. I expect the latter which is why I would not be in a hurry to buy it at the highs. Make it prove it can breakout after the extended run rather than assuming it.