At the end of 2011-early 2012. BVSN made a monster move 500%
Surge Characteristics.
- Early volume surge
- over 2 week consolidation held over 20 EMA
- Another volume surge on massive volume.
- Low Float 4.5M
- 20 MA holds 6 times and then the plunge.
- 20 MA then acts as resistance
THEME?
BroadVision is an online commerce and social networking solutions company.
Was promoted by National Inflation Association .. Ironic right?
LESSON
BVSN would have been easy to dismiss as a pump and dump and it likely was. But early shorts got smashed nonetheless. This was a tradeable move. We can look for secondary entires at support. If a magic line holds, buckle up and buy.
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