GREY:BIXZF - Post by User
Post by
hl7ton Dec 12, 2011 12:08pm
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Post# 19313440
Chart Guy
Chart GuyThe news(if any) would have to be fantastic to move share price higher.
BXI right now is pressing up against it's declining 10 period weekly EMA .This declining trend line indicates
a massive wall of sellers.Until .26 is broken bxi's will maintain it's downward bias.
what to do?
Do not buy until bxi trades above .26 it is dead money until then.
Only buy on the breakout of .26 for a run to .44 where it's next major supply zone resides.
Chart Guy