iBankCoin
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Getting ready to Runnnn….

I joined RaginCajun this morning in $BCRX when I saw price action was acting “fizzy” after open.  Not to ignore my intuition, I bought back $BCRX and continued to add as price continued to climb.

Take a look at the $BCRX daily chart below.  You can see it broke out of the symmetrical triangle today.  Price action never breaks below the 89xma and both momentum indicators are also turning up.

BCRX_daily

Take a look at the weekly chart.  Did you see the cup & handle pattern?  A breakout of the cup & handle on the weekly chart kick off a good rally here.

BRCX_weekly

My 2 cents.

If you enjoy the content at iBankCoin, please follow us on Twitter