BZM

Thanks for the good advice remo. Lesson learnt

Hi count
Dont use 123 low on penny shares using intra day charts. Big mistake.123 lows perform best on daily charts.
Penny shares are too risky to use conventional methods.

With penny shares its always riskier to place trades based on technicals.
This did have a breakout of the 123 low on the daily chart but that was a few days back but that was not as clear as i would have liked.



dl.dropboxusercontent.com/u/4899609/bmz29thmay2014.png

This is not looking great since opening this morning.
Think I'll now keep my eye on the daily chart and wait for a new higher low.

Bellzone (BZM) had quite a rise today closing 56.61% up at 4.025. High of the day was 4.25.

I was looking at the hourly chart and I think there is a potential 123 low formation should the SP now break above 4.25. In my opinion this would give a target of ~ 5.24

screencast.com/t/6l6VHZ7l0Ej4