BINTAI is constructing VCP that is similar to Solution VCP that i shared earlier (link below).
C1: ~33% C2: ~23% C3: ~9%
Current construction around 58 days. There might be a C4 that is less than 9%.
Need volume to kick in and break 0.770! Need more vaccine good news booster! QR is coming soon, should be still a bad QR. I believe market not really care, as long as it is Vaccine related.
Support 0.670, ~6.5% risk.
Let's see.
Disclaimer: Not buy call, just sharing VCP method that i found useful for trend trading.
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Bintai breakout! Sold half position at 0.830. 20% gain. Risk to reward ratio 1:3