Text me if you have any questions/comments for me.
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BKW
- First time doing a written analysis on BKW
- In last night’s livestream, I mentioned that 25.00-25.50 levels used to be a resistance zone and it will be interesting to see if the stock can rebound of this zone and treat it as support
- Today’s price action suggests that’s not the case.
- Stock gapped down and fell to the mid-term support
- Short-term average doesn’t provide a good support and/or resistance
- A successful rebound will be above 25.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry
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BKW
- First time doing a written analysis on BKW
- In last night’s livestream, I mentioned that 25.00-25.50 levels used to be a resistance zone and it will be interesting to see if the stock can rebound of this zone and treat it as support
- Today’s price action suggests that’s not the case.
- Stock gapped down and fell to the mid-term support
- Short-term average doesn’t provide a good support and/or resistance
- A successful rebound will be above 25.50 levels
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for successful rebound before plotting entry