Albeit the volume on this stock is very light but there are lots of stocks making the same chart pattern.
As long as the spike is not that extreme.
Putting a low ball buy order near the 50 sma could make you a profitable trade.
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$BOSC
Good example of what I've been teaching with day trading lately.
When you see a stock that's way up at the open.
Then it drops all the way down.
You wait and get to buy it cheap like in this case $2.67 and now it's $3.11.
Lots of stocks doing this move these days.
