Looking at entering a trade into BIOC tomorrow. This stock on average does about 1 million volume daily. It has had some big swings and gap ups/down as of late but is currently consolidating near the $1.00 range. You can see this via the chart below:
As you can see the stock has started to trade sideways and build a nice support level at $0.97. Generally when these stocks gap up or gap down they start building a base level before trending back up especially after a gap down. I'm not really looking to catch a big run-up on this stock as I generally look to capture 5% on these penny stock trades. Anything more than that is an unexpected bonus. But being able to buy in at or near $0.97 and ride this up to $1.03-$1.05 should be easy money! Check out the chart and let me know your thoughts on this trade. Hoping I can get a fill and will alert the room if so on Friday.