After recoding a very great movement in four days, BSIM, has created the best gain for IPO stock within a week for 2010 IPO stock. It was very phenomenal that it can create a gain of up to 293.33% within a week, even the week since it has just listed is a bloody week.
A stock will never always go up & stock needs rest & they will consolidate, but what I see in BSIM is a reversal pattern in the candle, we can see that it opened higher than previous close & then it closed lower than previous open, which is called as a Bearish Engulfing Pattern, which is also supported with high volume transacted.
Beside a bad view on technical, the authorities has interviewed them about their stock movement, yet BSIM has been listed in UMA (Unusual Market Activity). Keep watching & be aware of this....
Rating: Sell On Strength; Target: 255-260
Happy Investing^^
Disclaimer ON!!!
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