ENTRY: 20.555 (average) SL: 19.61 TP1: 21.75 TP2: 23.84 - ADX>20 - RSI>60. Would like it to be higher. - RS and FFI +ve - Daily/Weekly MACD +ve - MAs aligned - Breakout with good volume on 31 Mar 2021
Price moved out of downtrend Waiting for base to form Enter on break of $13.65
Heres my trade set-up today, bought 603 units $BKW:ASX at 16.5 on this dip. Im going off the higher lows trending north and price being at the bottom of this smaller symmetrical triangle. There is a longer term diagonal under this also. I figure there are reasonable odds for some upside here, however as always, trades can go against us so risk management in place...
BKW - Expected to open around 32 trapping many bullish traders. Not a perfect gap n go so watch for stock to trade up slightly before breaking bearish off of 10 or 20 ema. If it opens below support would be much better for bearish day trades.