In Retrospect: PCP, BSC

PCP

Affected by the correction, PCP has only reached a high of 0.44 before moving down. Currently 0.35 seems to be a strong support, but there is still a possibility that price may move down to 65day MA at around 0.30.

BSC

BSC was affected by the correction and price went back in the triangle. It went to as low as 0.43. As of this point, all indicators for this stock are still ok. There are no signs of divergence, while MACD is in position to cross below the signal line, we still have to wait and see if this will happen by next week. If by next week, price starts to continue its move up once again and MACD desists with its impending cross below signal line, this will be a good sign that the stock may still have steam considering that the move down did not have much volume. But if price action continues its move down or sideways for all trading days next week, this will be a further sign to lighten or close your positions.