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Re: BluSkies post# 14018

Monday, 03/09/2015 10:50:26 AM

Monday, March 09, 2015 10:50:26 AM

Post# of 106839
Quote: "Looks like the 50MA will be touching the current price soon. This could indicate a 50MA breakout soon. I will load, thank you."

Problem is, the 200 DMA and 50 DMA are inverted right now- the 200 DMA is above the 50, which is a sign of extreme technical weakness. Also, any slight "up" days like right now (the day isn't over) the volume has been low/weak, the sell days having 4 to 5X the volume or more of any of these little "blip" ups when it's trading on the spread. The Bid is just slightly "up" this AM, but barely moved above the red-line from Friday. Nothing much happening here- no volume, no big buying interest as of yet.

This would need to break above the 200 DMA avg right now, not the 50 DMA to start any kind of actual up-trend or reversal. It's not even close yet. The 200 DMA is clear up at .019 and it's gotta get there and get the 200 DMA back under the 50 DMA if a "technical chart" pattern approach wants to be used- as a buy signal or technical indicator of any start of a solid up-trend.

It's just breathing a bit today IMO as BMAK has pulled way off the Ask, same as they did end of last week, only to slide back on it by mid-day Friday, sending it red. Also, CDEL (another pretty notorious dilution MM) is now sitting, "bracketed" on both the Bid/Ask this AM. They also appeared heavy end of last week when BMAK had moved way off the Ask w/ their daily 10K share block. We'll see- but I don't think BMAK will be gone for good at this point- they did this several times over the past month alone, the "breathing day" I call it. Like maybe Magna, or Asher or whoever it is that BMAK moves shares for is perhaps sliding off the Ask or done converting perhaps for a few days.

There's 1.3 million plus shares on the Ask at 1 CENT they'd have to work through before this goes anywhere. That same block of 1 million plus was parked there all of Friday last week too.

Heavily tilted towards the Ask, sell-side but no big volume coming in to buy it up:

0.0093 / 0.01 (40000 x 1385578)

http://www.otcmarkets.com/stock/BHRT/quote



Don't see any sign of a reversal or uptrend yet IMO. Volume bars along bottom of the chart are the most telling to me. They're very high on the sell/dump days and much lower vol on any "up" blips so far. Been this way for pretty much all of 2015 so far now when I look at that chart.

My 2 cents