Based on the most recent activity in the past five days preceding this one. (putting all news aside.)
BBDA has had a 53.84% increase.
Put that into day traders hands with todays news...
There is going to be a sell off for those looking for a short term gain and a nice gain it was, by the way. (IMPORTANT NOTE: after todays slight downturn of 8.75%, BBDA is still above the EMA(5).)
A stock price's CLOSE never strays too far from the EMA(5) on any chart, if it does, it has to gravitate back to it shortly thereafter.
As a chartist, short term resistance has been broken through to the upside (indicated by the PARABOLIC SAR being under the candlestick for the past three days and as of today the next intermediate breakable level is .0137. This number (determined by another indicator of mine) will continue to move downward slowly as price tries to reach ever upward to meet it in the middle somewhere.)
After this next major level of resistance breaks, BBDA will be making new highs once again.
The bad news is that BBDA has had some downward pressure from the SMA(50) and SMA(75) and UPPER BOLLINGER BANDS right above the high of the last two days.
Once BBDA's CLOSE closes above these last three factors (which should happen all within the same day, since these factors are so close to each other), price will have a dramatic upswing.
As of 11.7.12 PRICE is being squeezed from below by the EMA(5), EMA(12) and the EMA(20), EMA(100) (Which is great support here) and above by the SMA(50), SMA(75) and the UPPER BOLLINGER BAND.
The EMA(12) is about to cross the EMA(20) to the upside. +++
The RSI is about to go above 80 for the first time since 8/20/12. +++
The +DI is about to cross above the ADX line on the weekly charts (which is also a screaming yes to buy.) +++ +++ +++
EVALUATION: LOW RISK/HIGH REWARD scenario.
For all of those that hung on the last eight weeks, things are now on your side.
For those that jumped ship, like I did, it's time to jump back on board.
