OTCQX:BGMZF - Post by User
Comment by
zagziggaon May 17, 2017 5:30pm
316 Views
Post# 26257012
RE:profit taking?
RE:profit taking?From a purely technical point of view this is my take. I follow the stock from the US and the day's high was USD 1.03. Typically, stocks which cross 1 go on to pop to 1.10-1.20, but not right away. It will take some time for consolidation/building a base before moving higher. In the best case scenario, the price will build a base in the 90's before crawling higher and challenging the 1.00 level within a few weeks at the most. In the worst case scenario - well, let's not talk about it as most of us have experienced painful price declines and months/years of waiting patiently.