I have been in BFRG since the November earnings it has done 300% over that time almost all
of it in one week. There are no options on this one. The RSI indicator tells me that it is now
overextended and overbought. This is confirmed by a reversal signal triggering on this
60-minute chart with a mass index indicator below it. The topping candles with long wicks
is another hint of the price action underway. I am closing my long position over 300%
gain and instead look for a short with the profits to retrace from present price to
to the 0.382 Fib retracement at about 5.65. Stop loss above the wicks at 7.7. I expect the trade
to last this week and part of next.
of it in one week. There are no options on this one. The RSI indicator tells me that it is now
overextended and overbought. This is confirmed by a reversal signal triggering on this
60-minute chart with a mass index indicator below it. The topping candles with long wicks
is another hint of the price action underway. I am closing my long position over 300%
gain and instead look for a short with the profits to retrace from present price to
to the 0.382 Fib retracement at about 5.65. Stop loss above the wicks at 7.7. I expect the trade
to last this week and part of next.