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Sunday, October 13, 2013 1:00:24 AM
There are a few things lined up with BCYP.
First, there are the news release. Back to back news release on Bonanza investing in BCYP, and BCYP releasing their Calypso Labs to offer software development is a two punch knockout for this stock. Some opinions say it isn't that significant but both releases are positive news. Not negative ones. In addition they were released on Oct 10th and 11th. Right before the weekend giving potential stock investors time to let this information sink in.
Secondly we should look at the charts. BCYP 13ema is on the rise. The MA50 is on the rise and looks to cross the MA200 average. This typically indicates a spike in interest of investors and a rise in share price. Look at most other stocks that the MA50 crosses and rises above the MA200 and you will find a break out in the stock. (There are always certain circumstances where this trend doesn't hold but majority shows a positive sign for the share price).
Third, the past 18 days shows a gradual increase in the stock. Starting around September 18th (approximately) where we see a red/green flip for a positive 6 straight days of green trading sessions. To finish off with the past 14 days on an increase of buying with a shortfall of sellers. Notice each day the build up of small share price volatility. If you know charts you can see a triangle pattern setting up.
Finally BCYP has hit its resistance point a few times which is roughly @ .195/share. If the trends hold and BCYP breaks this resistance we should see a nice gain from it.
With these key criteria of charts and similar patterns of other stocks with the same pattern setup, we can have an educated guess on the rise in stock price. Given the fact that the market is unforgiving and can take a turn for the worse at any given time. Typically the charts do not lie. I'd say this would be a buy signal but to each his/her own. Everyone has their own trading strategy and opinions. Wish everyone good luck in the upcoming weeks with BCYP.
BCYP chart from PSProfits Analysis
First, there are the news release. Back to back news release on Bonanza investing in BCYP, and BCYP releasing their Calypso Labs to offer software development is a two punch knockout for this stock. Some opinions say it isn't that significant but both releases are positive news. Not negative ones. In addition they were released on Oct 10th and 11th. Right before the weekend giving potential stock investors time to let this information sink in.
Secondly we should look at the charts. BCYP 13ema is on the rise. The MA50 is on the rise and looks to cross the MA200 average. This typically indicates a spike in interest of investors and a rise in share price. Look at most other stocks that the MA50 crosses and rises above the MA200 and you will find a break out in the stock. (There are always certain circumstances where this trend doesn't hold but majority shows a positive sign for the share price).
Third, the past 18 days shows a gradual increase in the stock. Starting around September 18th (approximately) where we see a red/green flip for a positive 6 straight days of green trading sessions. To finish off with the past 14 days on an increase of buying with a shortfall of sellers. Notice each day the build up of small share price volatility. If you know charts you can see a triangle pattern setting up.
Finally BCYP has hit its resistance point a few times which is roughly @ .195/share. If the trends hold and BCYP breaks this resistance we should see a nice gain from it.
With these key criteria of charts and similar patterns of other stocks with the same pattern setup, we can have an educated guess on the rise in stock price. Given the fact that the market is unforgiving and can take a turn for the worse at any given time. Typically the charts do not lie. I'd say this would be a buy signal but to each his/her own. Everyone has their own trading strategy and opinions. Wish everyone good luck in the upcoming weeks with BCYP.
BCYP chart from PSProfits Analysis
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