Dec 17, 2012 - BHI, Stock Analysis    1 Comment

Technical rebound for BHI?

I am speculating a rebound from BHI soon. Price is near the lower band and candlestick is a doji. More or less the same as what we have seen few weeks ago. Dojis are indication that traders are now in an indecisive mood as to where they want the price will go. Normally it cues for a reversal if it is found at the bottom (or top) of a current trend. In case of BHI, we see a downtrend. So there is a possibility that it will go up. Monitor the price movement in order to predict where it will be heading.

Caveat!

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