BVN is Ready for a Multiyear Breakout!
Markets are on general path down. BVN is setting up nicely to buck that trend.
PRICE ACTION:
Long Term S/R Level at 16.37 is in the process of being broken. Notice the periods highlighted in yellow. Breaking 16.37 is not just a simple 52 week high or hourly, blah blah. This is nearly a 6 year ceiling that is being broken The last time this type move occurred was almost 12 years ago. Do think the time frame matters? Long Term TIme Frames set the trend.
EXPECTED ENTRY/EXIT: 17.00/30.00
TIME FRAME: 1 year
TYPE of TRADE: Buy and Hold
PRICE ACTION:
Long Term S/R Level at 16.37 is in the process of being broken. Notice the periods highlighted in yellow. Breaking 16.37 is not just a simple 52 week high or hourly, blah blah. This is nearly a 6 year ceiling that is being broken The last time this type move occurred was almost 12 years ago. Do think the time frame matters? Long Term TIme Frames set the trend.
EXPECTED ENTRY/EXIT: 17.00/30.00
TIME FRAME: 1 year
TYPE of TRADE: Buy and Hold
Comment:
keeping an eye on this breakout. looking for a confirmation above $17.00
Trade active:
crossed the $17.00 target nicely today. Entered