Closed BVIC short posted here +5pts a few days ago ahead of tomorrow's IMS - last statement was a bit mixed so could go either way. Didn't realise they were reporting tomorrow until last weekend otherwise wouldn't have taken the trade so close to news seeing as though it was a trade based more on TA rather than fundamental's. Stopped out of OXIG and defo had it running longer than I should've. Cut loser's quickly!
Be interested to get your thoughts on the below:
Been in a downtrend from July 2011, posted results today and a bit mixed but the mkt liked it. Up 5% today, thinking a Bearish Continuation Diamond has been formed and so it will continue heading down. Either that or it could be in the process of a rounded bottom?
Also although today isn't over yet volume isn't huge so doesn't appear to have captured the markets imagination. Divergence between stoch and price too with price currently upper end of Bolli.