BVIC - BULLISH case for Britvic- This stock is on our watchlist but no entry yet!
- We can see two good upward waves where the bulls are pushing the stock higher (Blue arrows)
- We can see a total of 6 bullish pin bars (green arrows) where the Bulls are trying to push the price over the 200 day moving average
- We also see an inside bar formation (Two white lines)
- The only blocker is the resistance from the 200 day moving average but today this has been breached
- Amateurs would dive straight in now as there are a lot of bullish indicators.
- We will wait for the stock to close above the 200 day moving average and find support before we enter.
- Then and only then do we risk our money, remember to always set the plan and stick to it!
- If the stock can beat the previous high and find support we will add more to the LONG position.
