PLATO'S RETREAT (PLATO)

[bbgold]

Hi Chris,
I saw that unleaded was creeping higher for UXP. BSIC is interesting here. I have a theory on long term charts that you would want to buy on any lower Bollinger Band piercing. The confirmation of a Long would be if the price can recover support above the SMAs. That is just my interpretation of how to use them though. Bollingers interpretation would signal a Long once the price moves back into the upper half of the BB band spread and stays above it. As BSIC did in mid April and June. I am still not sure what Bollinger uses as exits. Using my theory you would sell on the upper BB band piercing, especially if an extreme breakout, and look to re-enter at SMA support, if it holds. The SMA support failing to hold is a Bearish signal to me so I would like to see BSIC recover it's SMA support to confirm the BB band piercing buy signal. A positive MACD crossover would also be a signal that the sentiment is again moving postive for BSIC. Do you have any chart indicators that you like to follow?
Good Luck Chris! :^)