Wednesday, October 14, 2015

$BSQR BSquare IoT Software Stock, Bullish ABC Chart Pattern

BSQR – BSquare is a stock I’ve been monitoring since May when it popped up in my above average volume scans. BSQR is an IoT software play that is part of GE – General Electric’s ‘Predix’, a cloud purpose-built for industrial data and analytics. Needless to say, this could be a true ‘Game Changer’ for a small company like BSQR. The market is certainly starting to take note. The volume pattern in the weekly chart tells me all I need to know.

As I’ve stated numerous times in the past, my job as a trader is to base my buy decisions on the charts. They give early signals as to what to expect in the near future. Waiting for too many pieces of good news is often a bad idea. The more confirmation you need in order to pull the trigger, the lower the price appreciation potential after buying into a stock. (more)

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