miguelsique

BTX big break coming soon

Long
AMEX:BTX   None
BTX is another stock I am highly looking at. for now the bears are still in control driving the price back down after failing to stay above the 20ma. nonetheless, I am convinced we are moments away from a very massive push to the upside. unfortunately I am seeing price being pushed down to 13.80 first before we see a reversal just to confirm that the 13 dollar price is a high demand zone attracting buyers to begin reversing the price. I am very optimistic about this stock having a price target of $50. I am not a financial advisor so do not take my price target as financial advise. Incase you are wondering what option I might be looking at i am looking at the August 20 exp. and a 30C just to give it time to play out. its the option with the least spread compared to any other call option with in that same time frame.
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