Bebida Beverage Company (BBDA)

[reversesplitFTW]

Okay sorry I can't respond to PMs but since many of you have asked about the chart here is what I'm looking at.

http://i247.photobucket.com/albums/gg149/reversesplitftw/BBDAHS.jpg
(DOUBLECLICK BOTTOM RIGHT CORNER OF THE PICTURE TO ENLARGE)

SUPPORT:
The supports I'm looking at are the green dashed line and the brown .001 level which I will explain later.

RESISTANCE:
I haven't marked them all out but, .002 is MAJOR which can easily be seen on the 60min chart. And .0025 would need to be broken to stop this head and shoulders pattern from forming.

BROWN LINES:
The brown lines represent the head and shoulders pattern. This is eventually headed to .001 which I believe will break the stock this time.

BRIGHTSIDE: If we do get some GREAT news (that many on the board have been pumping) and can manage to break that red downtrending line and go up to .0025 then I will completly change my tone. I don't see that happening.

We have dropped below most of the moving averages with indicators still on the decline.

EXTRA- since this my last post I'm editing. Many people have been saying a "reverse" head and shoulders. It is not, what you are thinking about is an inverted head and shoulders. Take a look at ASFX, that is an inverted head and shoulders pattern that failed. Differnt pattern here.