Text me if you have any questions/comments for me.
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BKW
- First time doing a written analysis on BKW
- In last night’s livestream, I mentioned that 25.00-25.50 levels used to be a resistance zone and it will be interesting to see if the stock can rebound of this zone and treat it as support
- Today’s price action suggests that’s not the case.
- Stock...
BKW looks a high probabilty trade here with limited down side.
Technicals - Looking for trend continuation from throw back of the ascending triangle breakout + nice confluence with bull flag.
Fundamentals - High demand this part of the cycle for building products + management whom have an outstanding track record of raising dividends will likely navigate the...
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
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...
