Here's BLYM's chart....OBV shows strong accumulation from late April forward, stochastics are turning bullish with the fast line pointing almost straight up from oversold territory...and the chart shows a golden cross with the 50DMA moving above the 200 DMA within the last few sessions.  I would take note however that they've been putting out a fair bit of press, I count 6 PRs from May 5 to present. I checked to see if any promotional outfits are touting them in exchange for $$$ and/or shares. I came accross StockProfliers, they've been paid $5K according to their disclaimer: http://www.stockprofilers.com/disclaimer.htmThat's not neccessarily a bad thing from a trading perspective as promotion helps create awareness and can have a very positive effect on the PPS....But imo caution is warranted because those paying for the advertising imo likely are looking to sell.... Here's another outfit being paid 100,000 shares http://microcapalliance.com/disclaimer/Bottom line, if you're selling for a better price than you bought.....you're winning. Good luck. |