Tuesday, August 3, 2010

BUVA - SIDEWAYS TO DOWNTREND

BUVA 1ST DAY IPO CANDLE LONG INVERTED CLOSE LOW, THIS SHOWS A 100% PROFIT TAKING.

CURRENTLY SIDEWAY WITH SUPPORT 290 & RESIST 315, THIS COULD BE ANOTHER DISTRIBUTION BEFORE NEW DOWNTREND STARTS LATER BY BREAKING DOWN SUPPORT 290.

TARGET DOWN IS UNLIMITED SINCE THIS STOCK HAS NO LONG TERM SUPPORT.