ASXSignalCentre

BLD heading to top of channel

Long
ASX:BLD   BORAL LIMITED
Bullish engulfing candle bounced off channel trend line followed by big gap up on strong volume . Looks like this one is heading to top of channel. Potential pull back before entry as RSI is heading into over bough territory and price is now outside bollinger bands . Targeting a 7-8% move. up to top of channel. Entry anywhere from 5.80-5.95.
Stop loss at 5.68 which would signal price will fill in the gap and trade is reversing.
Timeframe: 1-3 weeks
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For educational purposes only

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