Hey people, BJS WHSL CLUB HLDGS is in a fake bearish configuration with a large buying volume and a falling leg water carrier candle. On the TIMEFRAME M1 we can see a marubozu with a large volume of traded purchase, it is in full break of the base of the bollinger. To go to the top of it for a possible test, then it will go towards the top of the stabilization zone before the VWAP test will be in progress. Big potential to breakout the price with the momentum at the same time the zone to go in a new one and to land on the next high. With an attempt to come and test the pre-session floor, but no signal currently to access a check from the top of its bullish channel.
Please LIKE & FOLLOW, thank you!
Please LIKE & FOLLOW, thank you!