Bourque Industries Inc (BORK)

[Triple_Crown]

YW, Double Q, may have hit the nail on the head. I won't repeat it because .50 is such a nice number and I'm not giving specific entry advice. Without the power selling, a term I just coined, I would think .50 is the place of strong support... However with the 150 million shares that came off restricted status this month the game has changed. So .50 could get a real turn around or it may just get a head fake, or just blow right through it. How's that for a prediction? So being that the float is now different and adds an element of unpredictability, I am looking for more than just a few ticks up. 1. The Fast sto on the daily chart must turn UP, 2. A bullish Candlestick with a high probability of success or one with a low probability followed by a confirmation (forming a pattern such as a morning doji star ). 3. The Chaikin Money Flow (aka "smart money") needs to turn up (nothing fancy, could even find an entry in the valley) 4. A +DI crossover to the upside of the -DI on the DMI (more buying pressure than selling pressure) 5. Also I would like to see the MMs coming back in on the bid strongly (support). This ones kind of ah gimme, as it takes that to get the reversal signal.

For a real reverse of trend the 10 day EMA needs to cross to the upside of the 50EMA sustainably. Gains can be made here without that happening but NOT "long and strong gains". It's simple math; if the 10 day average is less than the 50 day average(as it has been for 6 months) what does that tell everybody? Yep simple math.

Imagine getting in an elevator with foreign speaking people and not having a clue of what they said. Would we be able to do business successfully, sign a contract or hand money to them expecting to get a return on investment (ROI) though you didn't understand their language?
Charts are the language of the market and consistently successful traders know that language.
Learn a few words of this language here. Starting with hola (hi) and gracias (thank you).
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:introduction_to_cand
Okay, candlesticks are actually Japanese so it should be domo arigato mr roboto.

$BORK (This Chart is static).