So this trade was not on my radar. BIK has some volume behind the recent rally however what goes parabolic does sometimes retrace about 50% of its price move. The stock is trading above its EMA200 on the weekly chart. There may be an opportunity to go long with this pullback,currently looking for a setup.
What are you comments on Brikor shares, share price went up so much in the past month. Should we buy more shares?
AcolyteTrader
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@culturalPepper45521, There is currently a nice bull flag setup in play on BIK on the Daily chart, suggesting further upside in price. . I am not a licensed FSP so I cannot tell you which stocks to buy. In my personal capacity I would add some BIK here with a nice tight stop just below the flag. Remember Risk Management must be adhered to at all times.