Bio Solutions Corp. (PINK:BISU) got into the spotlight of a promotion after the closing bell yesterday. The company will get a helping hand by the campaign today, which can produce a more active trade than usual.
The promotion was initiated by Hot Shot Stock which sent out a comprehensive newsletter describing the company’s operations. The disclaimer of the letter didn’t specify any compensation for the service but still the promoter admitted he expected to be paid by a third party later.
From a technical point of view, there is no indicator that gives positive signal for now. The DMI lines show that buyers are still dominating the trades, while the RSI indicator started heading to the oversold area. Four days ago, the 4-MA and 9-MA made a bearish cross and there is still no sign of reversal.[BANNER]
Apparently, the promotion will have the tough task to get BISU out of this hostile technical environment, at least for a short while. Unfortunately, it is not very clear whether Hot Shot Stocks has the capacity to do that. The Hotstocked website shows that the promoter generates $3 thousand average dollar volume and 20% intraday high per promotion.
Anyway, it seems that BISU can deliver a speculative play today due to the promotion. Nevertheless, whatever the effect of the promotion will be, there is a lot of uncertainty about the future fate of the stock.