Thursday, October 6, 2011

Stock Pick: BSC

Figure 1: BSC Price Chart

I've been accumulating and following the price behavior of BSC recently. I have notice a perfect setup that I wanted to share with you guys. BSC was forming a Bullish Bat pattern that recently hit its PRZ zone. Today was a defining moment of BSC for it was able to confirm the bullish hammer pattern that it was able to form the previous day. Looking closely also at the RSI it seems that it was also able to break its down trendline resistance. Another bullish candle will further confirm the upward movement of the price of BSC.

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