OTCQX:BGMZF - Post by User
Comment by
ebaginon Feb 13, 2014 7:28pm
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Post# 22207655
RE:RE:I see a test at .85 coming, break it and we run for the buck
RE:RE:I see a test at .85 coming, break it and we run for the buckGee, not an easy one to answer. Keep in mind the system is rigged to play the weak hands.
If one was trading on pure technical there looks to be resistance around 53 and resistance at 59 to a play anywhere near those would be expected in the near term. At the same time we are oversold so a pop above the 18 day average wouldn’t be unexpected either.
Yes, as much as everyone says the trading houses are not in this one they are paying attention and if they see a quick move they don’t want to be the ones left behind.
It is a game of chicken and at some point some are going to want a larger long term position.