MOMO'S BREAKOUT BOARD

[pennytradex]

BZCN Technical Analysis

From the chart it looks like to me that BZCN at this time is a great buying opportunity. The holiday season is starting to ramp up and this seems to be when BZCN starts it’s move. I just purchased a block of shares and if it keeps moving higher I will probably by more, I will also probably buy more if it drops, since I also average down in stocks.

On the 60 minute chart you will notice it looks like it is starting it’s second leg up. The first leg was when it shot from .0004 to .0024, a 500% gain. This next leg could go at least to .0024 again, possibly much higher. Notice the Stock bounced off the Green Trendline today that was started back on 10/14. A Bullish sign that technical players are watching and trading the stock. The MacD is also heading higher which is a good sign.

Link for 60 minute chart of BZCN.
http://www.maxtrader.net/Charts/Chart_BZCN_2009_1028_60_a.gif

Please notice on the first daily chart below that the stock is near it’s support low of .0005 and so it does not have too much farther to fall, if it does pull back, and, it has a long ways to go up. As can be seen in the chart the high set back in June was around .006, which would be around a 500% gain from this level, around .0012. Also the MacD is pointing upwards, both the 10 Day MA (Blue) and 20 Day MA (Purple) lines are also moving upwards, and the price is above the 20 day MA, which is acting as support as you can see the price bounced of it a few days ago. There is also a nice Bullish Engulfing Pattern shown for today for 10/28/09. The Long Green Bar for today has completely engulfed the previous days trading and this is also another bullish signal. These are all bullish signs for the stock.

Link for Daily chart of BZCN #1
http://www.maxtrader.net/Charts/Chart_BZCN_2009_1028_Daily_a.gif

On the Second Daily chart for BZCN, which shows the period of October 2008 to March of 2009, you will notice that the price started rising sharply around the first of November 2008, and completed the run up around December 15th, for a rise from .01 to a top of .12, a 1,200% gain, not bad if you were in the stock at that time. $300 would have been magically transformed to $3,000. I like those kind of transformations. The point of this last chart is to show that what happened last year could happen again, we are once again near the first of November, and the stock is starting to show some strength again, since we are heading into the holiday season again.

Link for Daily chart of BZCN #2
http://www.maxtrader.net/Charts/Chart_BZCN_2009_1028_Daily_b.gif

I like getting into a stock when there is a chance of getting a 500% to 1,200% gain or more, with the risk of losing around 40 to 50%. I only takes one winner to clean up 4 or 5 losers with these kind of odds.

Gorrilla_arm also did some DD on the stock - check the link below for her take on the stock.
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_X/threadview?bn=73566&tid=6119&mid=6347