BQI Adds Another 15+% Today

Yesterday I updated BQI as I tell you with many of these trades, if they close strong and on volume, there's a high probability we'll see follow through buying. Yesterday BQI did exactly that and has gained 43% just the first two trading days of the week and even more since it was introduced as a C&D trade idea.

Here's the charts and current situation.

Here's the Daily chart, note Monday's close was near the top of the range-a strong close and volume was nearly triple Friday's-this is what we look for when looking for follow through buying the next day and how we know how to manage the trade.

At yesterday's update, I showed you a region of profit taking, you can see it at the first red arrow-a small negative divergence and reminded you that what happens with 3C next will determine if we've entered distribution or just some light profit taking. If you look at the rest of the day, 3C continued to climb (green arrow) so we know it was just some light profit taking and the probability of further gains is increased. Thus far today, we are at another area of profit taking, as was the case yesterday, what 3C does from here will determine whether this is just profit taking or the final stage of the trade-distribution.