OTCPK:NEWH - Post by User
Post by
pro_traderon Sep 10, 2008 11:50pm
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Post# 15447085
A bounce off support....
A bounce off support....As I have suggested in the last several posts, BSRC sold off in increasingly lighter volume for three straight days only to breach the 50 day moving average briefly before bouncing higher.The MACD has recently pushed back above zero which means that the stock has gone from a "weak" bullish trend to a "strong" bullish trend. The stochastics is now approaching oversold, but seems unable to reach oversold conditions due to the heavy buying interest on any pull-back. I expect shares to stabilize in this area and soon retest the recent $0.45 high...and ultimately make a higher-high.