Here is a one day chart of the BTQ (BT group) stock.
All you need to know is on the chart.
We are closing in to the 0.5 Retracement also to the 120 EMA.
We have what appears to be a double bottom with a sudden increase in volume at the breakout point.
If we do break the trend and 120 EMA it will be a good long position.
Not a trading advice only an idea
All you need to know is on the chart.
We are closing in to the 0.5 Retracement also to the 120 EMA.
We have what appears to be a double bottom with a sudden increase in volume at the breakout point.
If we do break the trend and 120 EMA it will be a good long position.
Not a trading advice only an idea
Comment:
Now is a good swing trading opportunity for this guy. The price is likely to retest the down trend line.