$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.
