$BK daily #chart possible bullish #breakout
$BK stock price has been trading for almost 2 years inside a descending parallel channel
After good earnings report in OCT'19 stock has risen fast and notice the accumulation bars on the volume chart
MACD and RSI in expansion mode
In order to participate look out for a breakout AND CLOSE above the descending line
Measured targets are:
T1 - lower edge of the mirroring channel around 62.33
T2 - higher edge of the mirroring channel around 70.58
Good luck,
TA
After good earnings report in OCT'19 stock has risen fast and notice the accumulation bars on the volume chart
MACD and RSI in expansion mode
In order to participate look out for a breakout AND CLOSE above the descending line
Measured targets are:
T1 - lower edge of the mirroring channel around 62.33
T2 - higher edge of the mirroring channel around 70.58
Good luck,
TA
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Stoped out
TA
TA