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Old 07-06-2009, 09:46 AM
stocktip2 stocktip2 is offline
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Thumbs up BONU: Technicals Pointing Upwards

Technicals Pointing Upwards

Very few financial sites provide technical charts for BONU, as the trading data is less than 1 yr. Here is one that provides:

BONU projection chart
Barchart.com - Equities and Mutual Funds Symbol Lookup...

BONU technical report
Barchart.com - Equities and Mutual Funds Symbol Lookup...

I believe, based on the technicals of the limited trading data available,

1) BONU has a high probability to go up to $0.75 within hours/days (it's 4 week high), without much resistance. Minor resistance is at $0.55 and at $0.60.
If it manages to close above $0.75 consistently for a few days, then the next major resistance will come around $1.40-$1.50, it's 52 week high. Expect minor resistance at $0.85, $1.00, and at $1.15.

2) On the lower side, BONU has extremely strong support at $0.35-$0.40.

Intuitive Sentiment: STRONGEST BUY!
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