BID Corp - Trade Idea Update (Buy/Long, 03 October - see attached)
Now trading +15% (ungeared) with massive upside follow-through on the back of this morning's capital markets trading update.
Going forward, two levels to monitor:
1. The 61.8% FIB - thus far, the market has pushed the price through this zone.
2. Approaching 2x standard deviation over 200 days (upper boundary). This is around 32700c-33000c.
Initial buy was at 2x to 2.5x std deviation on the downside
If still long, one could use the strength to bank/take profit.
Now trading +15% (ungeared) with massive upside follow-through on the back of this morning's capital markets trading update.
Going forward, two levels to monitor:
1. The 61.8% FIB - thus far, the market has pushed the price through this zone.
2. Approaching 2x standard deviation over 200 days (upper boundary). This is around 32700c-33000c.
Initial buy was at 2x to 2.5x std deviation on the downside
If still long, one could use the strength to bank/take profit.