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dzygadlo
Feb 17, 2020 10:14 PM

SBGL comming off of a pullback - Time to buy for a big gain! Long

Description

Coming off of riding the upper Bollinger band for a pullback presents an opportunity to buy-in.

Earnings are being reported tomorrow, so keep an eye on that. RSI is up and Volume is riding above the 50 period average. Weekly MACD is in positive territory and the daily signal just crossed up into buy territory. Price has broken through the 9 period MA along with volume, making this look bullish for a long position.

I'm looking for this to continue upward and ride up on the upper band. I'll be bold and say that over next few months, this will double.
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