Friday, December 26, 2014

Biosyent Trade Opportunity

Looks like there will be a swing opportunity here from the $10.20 range up to the $10.90/11.00 point. The stocks' sideways movement over the last three months has been range bound between ~$10 too $11 with a few quick and short lived breakouts from the R/S levels. The last break had greater longevity, which can be seen by the relatively longer and slower climb back up to the $10 mark. It has now broken through the R line, closing just a bit above its 50 DMA. I expect it to climb up towards the $11 dollar mark and bounce around in a sideways movemeent before breaking out and up.

Like I have stated before, I came along this company from PS Daves now defunct blog "Vancouver Venture" where he claimed it to be a pump job. I've had a number of successful trades with V.RX and hope that it keeps on giving.

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