US Stock In Play: $BCOV (Brightcove Inc)

25 בדצמ׳ 2020

BCOV closed the half-day trading session at $17.64, an intraday gain of +2.08% at 98.68k transactional volume. The trading volume of BCOV have significantly declined since the start of December, which led to a bi-directional (“drifting”) behavioral price action during the course. The lost of directional momentum have also allowed BCOV to formed a short term Symmetrical Triangle chart pattern, identical to the mega capped companies that were highlighted last month (eg. TSLA, AAPL, AMZN).

At the current junction, BCOV remains above its 20DMA, with an expectation of clarity in directional play in the upcoming week.