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Jul 9, 2020 12:14 PM

BAM Uptrend Retracement Long

Brookfield Asset Management IncNYSE

Description

We see the stock fell in the period of February and March and now it is transiting in to an uptrend pattern. The chart has broken the downtrend line and failed to form a lower low. There was a retest and failure at the price of $35.25 in April and that resistance has been broken in June. We are now seeing a retracement on the chart, with the uptrend line supporting the current price forming a higher low. This could be a buy set up to ride the uptrend.

Trade active

Got in at $32.63.

Trade closed manually

Got out at $34.70.
Comments
JabroniCapital
LOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL. You are such a Jabroni man, why would you trade any BAM stock on a technical basis you brain dead monkey. Buy some LEAPS on BAM - they are the best value investors in the world and the assets on their balance sheet are worth significantly more than the share price. Not to mention the huge cash pile Flatt is looking to deploy when the market turns down
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