BCON moving higher i think.

Posted by downtowntrader | 8/19/2005 01:40:00 PM | 0 comments »

This is BCON's 60 and 5 minute charts. Notice the downtrend has ended and support at 3.30 was held. Resistance over head is at 3.80. Stoch gave a buy signal at yesterdays close. Notice 10 day ema or 65 bar ema is catching up to price to add support. There is some resistance on the 5 minute chart at 3.60. Notice the stock came back and filled the gap on lower volume. My guess is that if BCON clears 3.60 again on strong volume, that it will test highs again and possibly hit 4. A stop can be set below 3.30. Good luck. DT