One of the small-cap stocks I am following is Blue Dolphine Energy Company (BDCO) since November 2021. Since a part of my blog is used as a trading diary, so my activities are recorded here:
- Oil Trust Me
- BDCO Stock Prediction Made October 2021
- Rallies Predicted On Oil Stocks Between Aug To Dec 2022
- BDCO Prediction Daily/Weekly Scale In Oct 2022 and Become A Market Maker
Based on my theory, Time Principle, the stock has been harmonized with the mysterious force and swinging accordingly to certain mathematical sequences since I bought the stocks at $0.26 in Nov. 2021 and even before that. A small stock like that can be easily manipulated and create unpredictable volatility in general, therefore, people who do not have strong stomachs tend to avoid the type of stock traded at OTC, however, so far the stock has been tremendously performing well and following my prediction.
I am predicting that the next big movement should be taking place between Jan-March 2023. This would be observed by breaking out of the strong resistant line shown in the image below. The side movements started after topping at $2.37 on 6/7/2022 and repeating the sideway waves and creating a well-known technical analytical symbol, FLAG, or PENNANT pattern on the bullish trend.
In a strong bullish trend, without manipulation, a stock usually breaks out 3rd or 4th time when it hits a top resistance in a situation like that. During this period, BDCO hit the top resistance 3 times and it is about to hit 4th time within a month or so. If it happens, it would probably struggle around the resistance for a few weeks and it would eventually break out.
