Replies to post #30615 on Baristas Coffee Company, Inc. (BCCI)

[lowman]

Granted, the 50ma is always the sweet spot entry zone, chart shows BCCI never even came close to it last time around 3 weeks ago, before it ran again. Hence, waiting for the 50 again, historically, might not work this time either.

Tested and held the 20 fairly well, so it's kinda at an indecision point, or possibly the accumulation point.

But, I'll agree. Needs to break and hold .16 on strong volume on the next pop, to confirm the continued uptrend.

(IMO, this ones a funky one. Could pop right back to .13 tomorrow, on nothing at all, except the story)

[lowman]

BCCI chart is a good study of Fibonacci.

Run started at .02 basically, ran to .20, and pulled back down to .06 very temporarily.


.18 gain, followed by .14 loss.

Overall, total Fib retrace was 66% @ .06, or 61% at the closing .07.

Under same duress and using .07 as the new consolidated bottom before the subsequent pop to .18, the 66% pullback would be to .106 (or so).

Hence, by Fib calcs, BCCI pulled back equally and exactly today, as it did 5-6 weeks ago, albeit in fewer days.

So, the $64K Q is, do we buy now, according to Fib calcs, or do we wait, and possibly miss out on the next leg up?