BSEG - Sept. 2018: Higher lows forming and recent weekly DOJI
I last posted a market maker trade of 700 shares signaling to other market participants to move the stock up. I believe the signal is still valid as it was just a few weeks ago, and will continue to be valid until the stock passes the most recent high of 0.0189.
Trends
I am also noticing higher lows being printed in the past few weeks as well. There was a weekly DOJI printed 2 weeks ago, and last week saw a small reversal in the price higher. You can see the higher lows printed compared to the trend of the last few years, with the two lower yellow dashed trendlines going in opposite directions at a similar angle. Prices are now coming into range of breaking the upper dashed trendline that is trending lower. This trendline matches highs going back years and will be a strong signal of a breakout if price does break this trend technically.
There was also a DOJI printed a couple of weeks back, and the higher lows being printed could be the start of a trend change higher. As with many speculative penny stocks if the trend accelerates there could be exponential gains in the mid-term future coming.
Indicators
I have the 100 period linear regression showing that price action is now above the baseline and could be trying to reach the upper line. RSI has also been printing higher lows, and OBV seems to be turning up. The last few months have shown OBV to level out and now turn slightly higher. I keep the money flow on top of the RSI to give it another quick visual to see if price action and money flow is correlating fully.
Daily Chart Snapshot
Trends
I am also noticing higher lows being printed in the past few weeks as well. There was a weekly DOJI printed 2 weeks ago, and last week saw a small reversal in the price higher. You can see the higher lows printed compared to the trend of the last few years, with the two lower yellow dashed trendlines going in opposite directions at a similar angle. Prices are now coming into range of breaking the upper dashed trendline that is trending lower. This trendline matches highs going back years and will be a strong signal of a breakout if price does break this trend technically.
There was also a DOJI printed a couple of weeks back, and the higher lows being printed could be the start of a trend change higher. As with many speculative penny stocks if the trend accelerates there could be exponential gains in the mid-term future coming.
Indicators
I have the 100 period linear regression showing that price action is now above the baseline and could be trying to reach the upper line. RSI has also been printing higher lows, and OBV seems to be turning up. The last few months have shown OBV to level out and now turn slightly higher. I keep the money flow on top of the RSI to give it another quick visual to see if price action and money flow is correlating fully.
Daily Chart Snapshot
