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Author Topic: BSRC
trade04
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this stock has been treating me very well... i only bought a few at a dollar another solar energy stock
Posts: 3086 | From: miami | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
trade04
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up 1.754% printing 1.16s
Posts: 3086 | From: miami | Registered: Nov 2005  |  IP: Logged | Report this post to a Moderator
pro_trader1
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BSRC UP 6% on HUGE VOLUME!!!!!

Volume in the first hour of trading surpasses total daily volume in the last several weeks.
Fast stochastics is crossing back above the slower stochastics==Bullish
Stock trading back above the 13 day moving average ==Bullish
MACD poised for crossover==Bullish
Bulish Price/MACD divergence has been in place for weeks(marginal lower-lows in price accompanied by marginal higher lows in the MACD indicator BSRC finally ready to reward the Longs. Accumulate shares immediately!!!

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pro_trader1
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It's fun to be right!!!UP 14%!!!! in the first hour

Yesterday on this board, I noted some is extremely favorable technical conditions in shares of BSRC. Most notably to "bullish divergence" that had been materializing for weeks with the stock price making marginal lower-lows and the MACD making marginal higher-lows. This alongwith the stochastics inability to reach a true oversold condition, the recent crossover of the fast average up above the slower average, and the MACD ccossover setup (which also has now materialized) have all lead to the stock being up 11% at the open of trading on EXPLOSIVE volume. This stock is going alot higher!!!

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pro_trader1
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After a two-day run-up that took the stock up 20%, shares of BSRC are holding up extremely well only shedding a little over 2% in light volume. Any weakness in the stock should be considered a buying opportunity as both fundamentals and technicals are improving in this name. While the 50 day moving average stands at $.3810 with the stock price around $0.43,, I actually expect the average to move up to meet the current stock price, rather than the stock price to drop to meet the average. Buyers came in today at $0.41.
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