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Sunday, 22 January 2012

BPAX 0.68 - Short term play on chart and Feb. 14 FDA run up. (FDA calander link here)


BPAX's Bio-T Gel is up for FDA approval on Feb. 14th
The chart is showing that a bottom may be forming and with the anticipation of Feb. 14 the shares of BPAX could very well see a spike in price. The price is trending along the upper bollie and above the 20ma both bullish indications. What we are looking for here is a break above $0.75 with vol. to push through and follow through and from the "breakout" there we feel the PPS could move very quickly for a nice percentage gain to possibly the $1.20 area!   

Although the daily chart is looking pretty good in our eyes, the 60min. chart is showing a very interesting and compelling pattern. We are anticipating the continuation of this pattern at least one more time to produce a breakout of $0.75

Daily and 60min. charts




Daily


60min.


Keep in mind that this is being alerted as a short term play and it is up to you to trade accordingly or to your preference.

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