BWLD Revisited
between may and june we saw a bullish correction from the $27.50 support to the 25EMA. could history repeat itself? if BWLD obeys tech analysis, it could correct itself back to the ~$31 25EMA. thats a nice ~10% gain!
one thing though, the 25EMA coincides with a fairly strong support. so it will take a lot of buying pressure to correct to the 50EMA... and i really cant see it correcting to the next resistance of $34 anytime soon w/o outside news or PR (maybe motley fools can rec this again). i have no spare cash at the moment as im tied up in other stocks, but i may be taking profits on COGT and PPD next week... so if my timing is good and everything works out.... $$$$!!
anyone have any further insight on BWLD?
oh and this is a useful site.
1 Comments:
Good call on BWLD, Stochastic is very bullish.
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