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Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?


To: Barry K who wrote (16826)4/6/1999 3:42:00 PM
From: Denise D  Read Replies (2) | Respond to of 37507
 
Geesh Barry!

Are you trying to set me up? Like NTT, I also look at 10-day activity for BII, but I also look at longer-term to get an idea of the cycles.

Just a quick look at the charts, yes it does appear overbought, but that of course does not necessarily mean we will see a correction yet. Price action is still within the top bolinger band, which means it is not way out of whack. The RSI is still at 80, less overbought than our last run to $17.60 Mar 26 (RSI 90).

Several indicators which might normally show a correction, such as Williams %R is still in 0 to -20, overbought but not heading downwards. Momentum still high and MACD doesn't show signs of crossing.

Just a reminder that I am still new at this, and it wouldn't surprise me if I was off by a little or a lot.

Ergo, my guess is $19.75 (sorry if you don't like it). Still a very good day at +$3.00 :)

Denise.