BYFC in a familiar place right now

NASDAQ:BYFC   Broadway Financial Corporation
BYFC has been doing well, obviously, there's no denying that. However, it has approached another key level that is clearly seen on this chart. The 618 fib has been a constant level of resistance ever time BYFC climbs this high, over the last year. So this week, volume is likely going to be the potential driver of direction. Will it finally leave the 618 fib in the dust or is history about to repeat itself again?

"In the past five days, shares of BYFC stock have shot up by over 12%. In the past six months, shares have shot up by a solid 53% or so. The main reason behind this solid gain is the overall housing market continuing to rise in value during this time. And as a company that is heavily correlated to the real estate market, BYFC is worth watching if the price of homes continues to rise. So, considering all of this, will BYFC stock be on your watchlist moving forward?"

Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.