Small Caps Request Show: - By Zak Mir - August 9, 2017, 10:49 am
Blu Star Capital (BLU):
I have been told all kinds of rocket science things about Blu Star Capital, which at least explains why there has been a buzz around the stock,
and why there has been a decent breakout on the daily chart. The fundamental sound byte is that Blu Star Capital’s stake in Satoshipay is 31%,
and Satoshipay has a collaboration with both Visa, Paypal and Iota. Apparently the crypto community – mostly strange people even at the
best of times, is starting to appreciate the area Blu Star is involved in.
As far as the technical position here is concerned, it can be seen how there has been progress within a rising trend channel which can be
drawn in on the daily chart from as long ago as May. The floor of the channel runs through 0.32p. While above this zone one would be
looking for a 3 months target as high as 0.6p.