BCHSV - At Excellent Support Area, Ready for Round 2
Updated
Looking at the 4-hour chart for BCHSV, we had an excellent breakout a couple days ago which turned out to be a profitable move for us. Since then, the price has retraced back to the . 618 retracement mark and is finding support on the 100MA. I think if this support holds that we see another nice jump. Bullish divergence can be seen on the MACD indicator since December and the MACD broke the zero line. I'll be looking for it to find support there and move on up.
Note
So far so good
Note
Support held for some time, but the bulls lost the battle. Looks like we may fall to the .786 area for support. We'll see how the price reacts there.
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