Bemax Inc (BMXC)

[Dr PennyStock]

Technical Analysis. BMXC has given two buy signals on the latest week.

First the breakout of the PAR SAR as resistance, and, second, the crossover of the +DI and -DI.

Daily chart: http://stockcharts.com/h-sc/ui?s=BMXC&p=D&b=5&g=0&id=p59393035370

The main support of the stock now is the MA50 on the daily chart, but, also the PAR SAR on the weekly chart, like you can see on the chart below.

The bounce on the weekly chart, was clearly caused by the PAR SAR.

Weekly chart: http://stockcharts.com/h-sc/ui?s=BMXC&p=W&b=5&g=0&id=p47299431836

BMXC will run to .05, maybe .1 on the next days or 2 - 3 weeks, taking advantage of the Amazon launch on the first week of April.