Eco-Trade Corp. BOPT
BOPT is a fairly new-trading stock that experienced a huge increase in volume yesterday that effectively caught our attention.
Let’s take a look at the recent history of the stock, which has been known to make significant gains in the past. In August, BOPT was as low as .08, and by February, had touched a high of .73. Following that mega-run, it saw a sell-off, and eventually found support in the .20-range mid-way through March.
This is a good point in the stock’s recovery to be taking a look, as it recently managed to cross above the 20DMA at .40. We want to watch BOPT for a continuation of the momentum that it built up with yesterday’s huge volume; it closed at the high of day, which is typically a very bullish sign.
The chart indicators all seem to be pointing to the bullish side as well, you don’t often come across a more technically sound chart. The RSI is pushing past both the 50-line, and the 50DMA. The accum/dist. has been on a steady rise all year, with an even sharper incline coming as a result of yesterday’s substantial volume. The Slow STO had a recent crossover, getting above the 50MA, and making its way to the powerzone. We also have a MACD that has also crossed, and begun to diverge, with the blue bars on the histogram having just flipped up to the bullish side.
Ideally speaking, we’d like to see BOPT test its previous high of .73, which would be a 62% gain over the current price.
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