Hello Traders!
After an unexpected jump of BXG with a sudden increase of the MACD and the RSI, we are left to wonder if this is something temporary, or if the price will truly break through the 200 SMA. After a confirmed breakthrough, I am confident that the price will have the necessary momentum to make a full recovery, crossing the 9 support/resistance and closing in on the 10.48 resistance. In the less likely case, due to the MACD, the RSI and the 50 SMA crossing over the 100 SMA, of the price being rejected by the 200 SMA, it will at least fall back down to the 5.94 support/resistance before possibly bouncing back and attempting a second rally or even plummeting to 4.54.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
After an unexpected jump of BXG with a sudden increase of the MACD and the RSI, we are left to wonder if this is something temporary, or if the price will truly break through the 200 SMA. After a confirmed breakthrough, I am confident that the price will have the necessary momentum to make a full recovery, crossing the 9 support/resistance and closing in on the 10.48 resistance. In the less likely case, due to the MACD, the RSI and the 50 SMA crossing over the 100 SMA, of the price being rejected by the 200 SMA, it will at least fall back down to the 5.94 support/resistance before possibly bouncing back and attempting a second rally or even plummeting to 4.54.
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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