Toward the end of May, my long term (12-month) target for BAW was reached. Since then, the stock has retraced, overshooting the incline support however trading within the 50/61.8% Fibonacci Retracement. Note, the RSI is breaking up before the stock - that's constructive. In addition, we note a same-day reclaim of the 8/21 EMA.
Initial position at the current levels (10416c) or better, adding above 10575c
Stop: 9980c
Target Range: 11200c to 11500c
Initial position at the current levels (10416c) or better, adding above 10575c
Stop: 9980c
Target Range: 11200c to 11500c
