Reaching $50. Private investors bailing out, just heard someone sell 150 mil (2%) of company stake. Technically you can see the sell pressure at $50. ASX 0.63% overall is on thin ice with the big banks in trouble.
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-3 Week flag
-2 year+ parabolic advance indicating strong trend
-Bollinger band squeeze on the daily
-Measured move 56.32 for a solid risk reward
-Similar characteristics to the RMD trade I had last month
30 basis points planned
Happy to have a buy stop order in the market during the day
Looks like a great bullish breakout here to me, but I wish the volume was a bit higher.
Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside
A stop at $37.49 gives a risk of $7.63 or 17%
Anyone else have ...