Traders Envisioning Sexy Broads with BroadVision

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The stock price of BroadVision appears to be in the midst of a parabolic, blow-off move, accompanied by a massive increase in volume to confirm. If you have been long and caught most or all of the move, apart from my congratulations consider that the stock is in danger of a steep decline. Generally speaking, the bigger the top and the quicker it forms, the more fierce and ferocious the subsequent drop. Here, BroadVision is a low floater and is gaining much attention from traders because of its jaw-dropping gains in a short amount of time.

At the same time, there is no telling for how much longer this move can go. Thus, shorting it all the way up involves huge risk. At the very least, if you are looking to short BVSN, I would wait for some type of potential Japanese candlestick topping pattern, such as a hanging man, shooting star, dark cloud cover, etc.. Beyond that, earnings are coming up on January 26.

If nothing else, BroadVision serves as a good example to observe a parabolic move in a stock in terms of price and volume working in concert. Sooner or later, and likely sooner, the buyers will become exhausted. When that happens, given the steep and rapid rise of share prices, the selling will be just as, if not more, jaw-dropping.

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