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ASXSignalCentre
Apr 6, 2021 12:48 AM

BLD heading to top of channel  Long

BORAL LIMITED.ASX

Description

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
Please do your own research
For educational purposes only
Comments
zAngus
Nice call. Thank you for sharing and contributing to the site.
ct7cp6syqd
Thank you
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