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TRADER-WANNA-BE
Jan 5, 2022 5:03 AM

BLX.ASX_Retracement Trade_Long Long

BEACON LIGHTING GROUP LIMITEDASX

Description

ENTRY: 3.02
SL: 2.47
TP: 3.39

- ADX>20
- RSI>50,RSI<70
- Daily RS +ve
- Daily FFI -ve. But turning positive.
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Retracement to 50% fib. level and rebounded today with high volume green candle.
- Possible buyers coming back in today.
- Above HVN currently as well.
- Buyers-in-control actions on 11 Nov 2021 and 10 Dec 2021

Trade closed: stop reached

- Closed position at 2.82
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