Beacon Redevelopment Industrial Corporation (BCND)

[midas716]

BCND Weekly

Gotta love this chart. IMO BCND is now ready for the next level up. It all depends on the news how high. Anything the company releases thats new shoulkd get this to .0008 where the 3 and 4 flippers will make an exit. Thats my prediction for next week. A slow walk up to 8 starting tomorrow. When the real news hits .0014+ within 2 weeks.

RSI - Hanging above 50.

A/D - is phenominal. The 4's got smashed last week BIG TIME. They just cannot last much longer under any circumstances.

PPS - If you look the pop to 8 stalled at the 100ma. We then tracked the 100 down never once closing above it. We were being squeezed by the 100 and the 10. The 10 is now in position for a 100 cross. The PPS has now closed above the 100. It's party time. The 10 crossing the 20 created a pop. The 10 crossing the 50 created a pop. So it's probable that the 10 crossing the 100 will create a pop. Next weeks candle should line up with the bottom trend line. We should bounce off that line on the way up. I see a cup with handle. We saw 1 to 8. We are now at 4. That should see .0012. 4 + 8. IMO we should see .0014 resistance.

Volume - is breaking out and is inline with the continuing trend up.

CMF - is rockin the house.

All the rest of the techs are strong and can support a move up. BCND gonna go big this week into next week. As I stated before if this doesn't crack 8 I will quit charting stocks. I have no doubt in my mind this will crack 8 to the point I pulled my sells at 7 and 8. Thats my confidence level. Everyone needs to make their own decisions.