peter,
sorry for the late reply !!! been busy trading in/out all day with CMRC <GG> !!!
yes, it was quite nice to see it rebounded to closed the gap !!! but, i suspect that the next trend will be down, although it printed a bullish candle today <although compx printed a bullish piercing line - less bullish cuz it was less than half of yesterday trading> !!! anyway, the reason being that ... it's forming a short term bull flag in its intraday chart !!!!! i suspect that today's action was well planned and perfect executed by whoever behind that curtain <manipulation ?? - GGG> !!! it really looks like they're trying to line these short term intraday charts to the daily chart !!! i mentioned yesterday that there would be a rebound, but i didnt know where they'll let it stop, strictly just to get rid of the extreme oversold sentiments in the intraday basis !!!! if BVSN continues to ascend higher on monday morning, it'll head rite into the intraday overbought territory, which will then be trading in line with the daily chart !!!! so, i really dont know whether it'll head higher monday morning, but if it does, i suspect that it'll have a weak leg !!!!
just a thought .... and i maybe wrong !!!
regards,
auto
ps. not an advice to buy/sell BVSN !! |
