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  #1  
Old 08-25-2008, 12:21 AM
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Looking at BVN again

Made a lot of $$$ on this one a couple of weeks ago, you can go back and look at my thread that's still on this page. It has formed a nice base since Aug 7th and now the MACD Fast Line has just crossed over the slow line, which is a bullish sign. COULD be the start of an uptrend. Resistance looks to be around 27, which is the 50 EMA. Look at the 1 year chart and 2 year chart on this stock. It road the 50 the whole way up, which shows the 50 is a very important average for this stock and has struggled to break back over it since it broke under the 50 back in March. Looks like we have around 4 points to resistance, and if it can break past it, this stock will move because don't kid yourself, there are a lot of shorts on this from the downtrend and will cover if this uptrend can get going and break past the 50 and the volume will help us see if its a clear break. If this happens, the next resistance level is in the 30s where the 200 EMA is and also was where it broke down. I definitely like this one boys. My stoploss would be the low on August 11th.

This is what I am looking at:

6 month

http://finance.yahoo.com/echarts?s=B...urce=undefined



1 year


http://finance.yahoo.com/echarts?s=B...urce=undefined


2 year chart shows that is seems to be sitting on a nice long term support level


http://finance.yahoo.com/echarts?s=B...urce=undefined
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Last edited by whodi; 08-25-2008 at 12:26 AM.
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Old 08-25-2008, 12:39 PM
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bought BVN at 22.39

It's holding up real well today, support levels are holding up well.
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2012 NBA Playoffs: 34-31-1

Last edited by whodi; 08-25-2008 at 12:56 PM.
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  #3  
Old 08-26-2008, 10:35 AM
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Took some BVN @ 22.48 average.
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Old 08-27-2008, 08:36 AM
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Ended up cashing out even on BVN this morning (+0.10) Think I'm gonna settle up and relax for a bit over the weekend unless something looks juicy.
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Old 08-27-2008, 11:20 AM
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Quote:
Originally Posted by whodi
bought BVN at 22.39

It's holding up real well today, support levels are holding up well.

Sold 1/4 of my position earlier this morning average price was 23.13 gain
74 cents.
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2012 NBA Playoffs: 34-31-1
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Old 08-27-2008, 12:33 PM
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Old 08-27-2008, 02:02 PM
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sold another 1/4 at 29.93, gain of 54 cents. Looking for another break over 30 with the remaining 1/2 to get it going.
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2012 NBA Playoffs: 34-31-1
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  #8  
Old 08-27-2008, 02:02 PM
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Quote:
Originally Posted by Goods

thx goods
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2012 NBA Playoffs: 34-31-1
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