BIDZ triple bottom?
Mar 17, 2008 investing, trading
BIDZ is looking like a triple bottom here. The Stock held up pretty well considering all the turmoil in the market lately. I think if it weren’t for all the financials in trouble, BIDZ would have made a cup and handle formation, but a triple bottom will suit me just fine. The MACD is looking bullish, the 5 day moving average is converging on the 10 day, and volume should start picking up after the bounce off support at $7.15.
I was dumb and didn’t sell when it hit resistance at $10.80 on February 28th, and missed out on some nice profit. Hopefully I’ll make up for it this time around.
April 19th, 2008 at 7:31 pm
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