This week, BigString Corporation (PINK:BSGC) spiked up without any news or reports as catalyst.
On Tuesday, BSGC skyrocketed on a volume close to the daily average. At the end of the day, the price of BSGC shares increased from $0.0042 to $0.0089, which represented a gain of 111%.
On the following day, BSGC continued to climb, this time on a much higher volume. The number of traded shares exceeded 11.3 million shares, while the share price jumped 57% to $0.014.
Yesterday, the stock slid into a correction episode. It went down 28% on a volume of 1 million shares. The short volume was comprised of 521 thousand shares.
The volatile episode of BSGC seems speculative in nature as there hasn’t been any reports or news from the company for a long while.
Shortly before the stock surge, the MACD indicator, which is watched by many short-term traders, crossed the zero line showing that bulls are increasing in power.
The question is, where this speculative thread would lead BSGC share value in the next couple of days.