Bought into Bluechip this morning on a tip from a forum friend. It was running today on some very good volume and it gets super spiky when that happens. Will give it a couple of days to play out and see how it goes. Its broken past its recent high resistance points and I do like that it has been a 20cent + stock in the past so plenty of room to grow into with some good news. Will run pretty tight stops below my buy price but all indicators look pretty good for now.
Indicators on the 15 min chart
I like the crazy spikes
Bluechiip Limited is engaged in the development and commercialization of a tracking system that offers technical capabilities over existing labels, barcode and radio frequency identification (RFID) technologies. The Company offers information technology (IT)-based temperature and identification tracking solution for biosamples in the health and life sciences industry. Its products include retrofit buttons, multi-vial reader, hand-held reader, smart chip, cryovials, cassettes, racks/frames and towers, cryotag, matchbox reader and retriever, and stream software and updates. The Multi-Vial Reader can scan ID and temperature of 81 (9x9) or 100 (10x10) vials in a box. It offers mobile reader for Vials, CryoTags, which includes a one dimensional/two dimensional (1D/2D) barcode scanner. The bluechiip cryovial is designed for the storage and transportation of biological material. bluechiip polycarbonate cassettes are designed to store blood bags containing platelet and plasma concentrates.
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Nice initial increase but I'm taking the risk and still holding through the pullback.
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Took a punt and bought some more today. They seemed to hold their own when all the other stocks around them have been going down. I like their tech.
50 buyers for 3,544,945 units vs 26 sellers for 1,102,481 units.
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Got lucky with my timing and a nice little rally with an 8% gain