Blue Horseshoe Stocks: Bottom-Play Watchlist & More

Mobile Broadcasting Holding, Inc. MBHC

We began taking a look at MBHC yesterday, mostly focusing upon the strong additions to management, and the extreme promise pertaining to the company’s news of a global deal signed with Twitter. We did however, publish a video highlighting some of the key points on the chart, and that’s what we’re going to focus on to start things off today.

The stock would make a handful of intraday moves on almost twice the monthly average volume. Early on we saw a run from .0042-.0057 (+36%), followed by two separate subsequent swings from .0041-.0053 (+29%).

Most importantly the stock recorded a higher low,  holding support above 50DMA of .004 as we’d hoped for, and we want to continue to see it maintained above that level.  Moving forward, we’ll be looking out for a breach of the resistance that cropped up at .006 .


Stocks on Bottom-Watch

The following four plays have been getting beat up pretty bad of late, and whenever we notice stocks in this position, we like to relegate them to a potential bottom-play watchlist. Some of the biggest rapid moves we witness come from course-correction related bounces, so we’ll have these stocks on our recovery watchlist moving forward:

Stragenics, Inc. ASAB

Blue Water Global Group, Inc. BLUU

Windstream Technologies, Inc. WSTI – Letter To Shareholders

Cafe Serendipity Holdings, Inc. CAFS – Recreational Marijuana News Out


B2Digital, Inc. BTDG

BTDG is a momentum-play that we’re going to be monitoring as we head into mid-week, and we’ve gone ahead and pointed out the reasoning behind this on the following chart snapshot. Yesterday brought a break of a key resistance point and with a number of other bullish indicators are leading us to give BTDG part of our attention.


Extended Watchlist:
ABX, FRO, AUY, IAG, GPRO,