AcolyteTrader

An idea on BIK

Long
JSE:BIK   BRIKOR LTD
Thanks for bringing this to my att @mikeshield132. There is a clear bull flag setup with bullish divergence in BIK. Also visible are the psychological levels of resistance when price tests round numbers and reverses. Price found support at 60 and bounced. I would go long on a close >70 with ST Limit = 90 or the top of the flag, with LT limit of 150 which was May 2021 close. The stock is illiquid at the moment so please as always do manage your risk

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.