Michaeljob

Bathhurst Resources 200 MA Reversal Trade

Long
ASX:BRL   BATHURST RESOURCES LIMITED
A solid risk vs reward trade looks to be setting up on the Bathurst Resources chart.

We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c

The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ratio

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