BSGM trade ideas
$BGSM support line bounce?NASDAQ:BSGM looking for a bounce off this current support line. Need to hold $1.40 with upside to $1.60+ if it does
BSGM potential swing Not a good long hold in my opinion, but the volatility seems such, that it spends some time going down then had 4-5 days of upside movement.
Looking at buying at or really close to support.
setting a tight stop loss
That would make it worth my while to hold and wait for a few days of upside - purely speculative.
BSGM - DEMAND LEVEL - SOLID All,
BSGM WW here. could drop a little further, but keep some alerts on it. One of my favorite sideways pattern could be full on trend reversal.
Cash to debt ratio: 62 (crazy good)
Enterprise val/Mkt cap: (0.073 - Undervalued by about 20%)
Float: 27M
$BSGM Biosig Technologies Inc Gap Fill trade Setup
Possible long entry above $3.85
Target price $4.65
BIOSIG TECHNOLOGIES INCNASDAQ:BSGM
Hi, traders!
I have been watching BIOSIG TECHNOLOGIES INC shares for a while.
A good idea for trading in the coming days was formed according to it.
What is on the chart:
1. Strong level, formed by the TF:W low
2. The level worked well in 2018 and in 2019.
3.15 April 2020 level was confirmed again.
4. On September 23d, the same level stopped a strong fall.
5. Six trading sessions we consolidate above the level.
6. On September 25th there was an attempt to go long, but the position was kept in the channel between 4.67 and 5.3.
7. On September 30 and October 01st we observe a series of lower level retests.
8. October 02d is a false breakout of the lower level of the channel.
My trading ideas:
1. If the instrument is pressed against the lower level of the channel again on Monday, I set Sell Stp Order under the level. I set the SL above the level, behind the breakout bar. The second option is possible: I accept the risk equal to the standard ATR 5M bar.
2. If the tool tries to get up, out of the channel, I set the Buy Stp above the level. The SL parameters will be the same as for the shorts trade.
BioSig Technologies $BSGM#BioSigTechnologies hit the last high yesterday. The volume is above the average. RSI is moving up.
MAYO CLINIC PURCHASES $1 MILLION OF BIOSIG TECHNOLOGIESBiosig Technologies Has recently joined the Russell 3000 and they signs are that it has brought a change of fortunes and should / will attract new investors, after hours today we are made aware that Mayo Clinic www.mayoclinic.org purchased $1 million in stock which is a strong vote of confidence.
This stock is well worth keeping on your watchlist.
COMPANY PROFILE
BioSig Technologies, Inc. operates as a medical device company. It engages in the development of proprietary biomedical signal processing technology platform to minimize noise and artifacts from cardiac recordings. The company develops and designs the precise uninterrupted real-time evaluation of electrograms electrophysiology (EP) system which acquires, processes, and displays electrocardiogram and electrograms required during EP studies and ablation procedures. BioSig Technologies was founded by Lora Mikolaitis, Budimir S. Drakulic and Kenneth L. Londoner on February 24, 2009 and is headquartered in Los Angeles, CA.
