You can see BBLG was very volatile at $100
It since dropped to its now lows around $4
It has traded at this level for a LONGGG time
forming a long base.
You know how you see stocks that went up 200% in a day and previously they were nearly flat before going vertical? This may be one of those stocks.
Recently there was a huge jump in buying volume of 72 Million, the stock was up 80% in the day. That was nearly 10x the day with second most volume.
72 Million was about 100x the average daily volume.
It was trending on stocktwits that day and most probably bought it near its high and lost money
However this is an incredible long term buy, I could see this stock turning around in the next weeks and months to go as high as $20 or more from where it is now
that would be almost a 500% return
It since dropped to its now lows around $4
It has traded at this level for a LONGGG time
forming a long base.
You know how you see stocks that went up 200% in a day and previously they were nearly flat before going vertical? This may be one of those stocks.
Recently there was a huge jump in buying volume of 72 Million, the stock was up 80% in the day. That was nearly 10x the day with second most volume.
72 Million was about 100x the average daily volume.
It was trending on stocktwits that day and most probably bought it near its high and lost money
However this is an incredible long term buy, I could see this stock turning around in the next weeks and months to go as high as $20 or more from where it is now
that would be almost a 500% return