Shopping List for 6 January 2017: BDSI, QUIK

After going over my charts again, my shopping list for this morning comprises two stocks:

BDSI (BioDelivery Sciences International, Inc.)

BDSI has gotten absolutely creamed since its high in September 2014, but is making signs of a turnaround. As such, it’s at a bargain basement price and I’ve decided its time to start a position. It’s been consolidating along a long-term support level, and appears to be about ready to start moving higher.

On the monthly chart, BDSI is at a long term support zone. There’s nothing to say it can’t go lower, but if it does, I’ll pick up more shares.

QUIK (QuickLogic Corp)

I’ve had my eye on QUIK for a while, waiting for a nice juicy price drop. Over the last several days, it’s pulled back to the 50% fib trace and put the stochastic RSI into oversold territory.

On the monthly chart, QUIK is very tempting, as it’s just turning up from a long hammering:

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