This idea/pending trade is part of a larger research report and should only be considered within a well-diversified portfolio.
- A Break of Line A_B Triggers A Buy/Long
- Pre-Market Price: 17338c (10-May-2021)
- Share Code: BVT
- The share continues to trade within it’s 6-month gradual upward channel where we have seen a pullback to the last close of 17338c from it’s recent peak of 18600c. Within this channel, a bull flag has developed, which has created a dual resistance.
- On the chart, a break of the the bull flag resistance and line A_B is a trigger for short term traders looking to buy in anticipation of an upward move.
- On the chart, a ‘potential price path’ is highlighted with an initial pullback expected before an upward continuation.
- Provisional Levels:
- Buy Range: 16700c-17000c
- Stop-loss: 16340c
- Target Range: 18200c-18500c
*Manage your own risk*
- A Break of Line A_B Triggers A Buy/Long
- Pre-Market Price: 17338c (10-May-2021)
- Share Code: BVT
- The share continues to trade within it’s 6-month gradual upward channel where we have seen a pullback to the last close of 17338c from it’s recent peak of 18600c. Within this channel, a bull flag has developed, which has created a dual resistance.
- On the chart, a break of the the bull flag resistance and line A_B is a trigger for short term traders looking to buy in anticipation of an upward move.
- On the chart, a ‘potential price path’ is highlighted with an initial pullback expected before an upward continuation.
- Provisional Levels:
- Buy Range: 16700c-17000c
- Stop-loss: 16340c
- Target Range: 18200c-18500c
*Manage your own risk*
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