Thursday, July 11, 2013 8:14:49 PM
BMSN is still in a very strong pennant pattern carried over from yesterday. Look at the first 60 minute chart. This is about as a perfect pattern as you can get. Pretty soon its gonna bottle neck up and break hard. I really love to see this pattern with a good volume decline. The second chart is the same 60 minute chart. I just removed the trend lines so you can see the strong support on the 50 period EMA. As long as it holds this support we are looking for a nice breakout. I see a lot of people that are worried about the low volume we have had for a while. You want low volume in these type of conditions. Have patience. It will come
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