Bcon

[omar]

Dr can you please tell me if i am doing the TA right on this......


Trading below its Ma(50) and Ma(200)....
has a downward trend with support at .920 and resistance at 1.20
RSI is 14 its over sold....which means its good to buy when it hits and tests its support at .920??

Volume is good....

MACD is also showing that it would have a down ward trend because of the red zone below line...
IT is below PAR SAR??

ADX is 22.11 which shows a emerging trend....but +DI is below -DI so trend is going to continue to go down?

This is the first time i am analaysing i hope atleast one of this is right lol...thanks DOC

[harryhar]

First, I would be careful bc of the patent infringement and the Qucerus Trust has been selling their shares of BCON that they bought. I do not believe they sold them all..but dont think they would pull the plug all at one time.

I am looking at TMEN.ob - the Qucerus has invested in them.

Great looking company.  But doesnt have what BCON has.....VOLUME

lol

GL

I think there are better plays out there then BCON.

Would look at other alternatives.

GL

Check

TMEN
BSRC
SOEN
WWAT
CPTC

to name a few

TMEN is my favorite based on FV

GL again to you

[Dr PennyStock]

Trading below its Ma(50) and Ma(200)....
has a downward trend with support at .920 and resistance at 1.20

This is correct.

RSI is 14 its over sold....which means its good to buy when it hits and tests its support at .920?Huh?

This is not correct, RSI is not at 14, that value belongs to RSI, this number means 14 periods,  RSI(14) is at 31.09, and is not oversold, an oversold RSI is when a stock is below the RSI30 line, it's not the case.

MACD is also showing that it would have a down ward trend because of the red zone below line...

This is correct, you can see on the chart below that the green line crossed the red line and since then it is falling and will fall further, IMO.

IT is below PAR SAR?Huh?

Yes, it is below the PAR SAR, you can see the PAR SAR at 1.24, look those small white squares forming a line.

ADX is 22.11 which shows a emerging trend....but +DI is below -DI so trend is going to continue to go down?Huh

The red line(-DI) is about to crossing the white line to the down side, this means the stock can react positively here, near the 0.92 support, also the green line(+DI) cannot fall further, it's oversold, so, it will at least stabilize, but, I think we can see here a double bottom with a reversal trend.

Hope it helps understand a little better this situation, any questions, just ask.

http://stockcharts.com/h-sc/ui?s=BCON&p=D&b=5&g=0&id=p33822046790

[omar]

Thank you doc

[DBEN153662]

In at .51 today

http://stockcharts.com/h-sc/ui?s=bcon&p=D&b=5&g=0&id=p47761447102

[Dr PennyStock]

DBEN,

There is a topic to BCON, post there.

http://forums.drpennystock.com/nyse-nasdaq-and-amex-stocks/bcon-beacon-power-corp-nasdaq-cm/