BVS looks strong after its break of the downtrend line with High Volume. The recent price action confirms that the bearish trend has come to an end. Currently it is pulling back and I have two Buy Zones where I will wait for bullish price action to take a long position. My 1st Buy Zone is near the 200SMA around $3.10 - $3.20 region and the second Buy Zone is between $2.80 - $2.95 region (trendline support). I will take a long position if it prints bullish price action in either of my two Buy Zones.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
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We could see a bounce off soon. I will be long if we continue to see bullish price action off the 200 SMA or at current levels.