Brikor (BIK) is a company that manufactures bricks, roof tiles and clay pipes. It was listed on the Alt-X in August 2007 and describes itself as "...a diverse manufacturer and supplier of building and construction materials across a broad spectrum of the market from low-cost housing, residential to commercial, industrial, civil engineering and infrastructure...
Brikor (BIK) is a company that manufactures bricks, roof tiles and clay pipes. It was listed on the Alt-X in August 2007 and describes itself as "...a diverse manufacturer and supplier of building and construction materials across a broad spectrum of the market from low-cost housing, residential to commercial, industrial, civil engineering and infrastructure...
Thanks for bringing this to my att @mikeshield132. There is a clear bull flag setup with bullish divergence in BIK. Also visible are the psychological levels of resistance when price tests round numbers and reverses. Price found support at 60 and bounced. I would go long on a close >70 with ST Limit = 90 or the top of the flag, with LT limit of 150 which was May...
So this trade was not on my radar. $BIK has some volume behind the recent rally however what goes parabolic does sometimes retrace about 50% of its price move. The stock is trading above its EMA200 on the weekly chart. There may be an opportunity to go long with this pullback,currently looking for a setup.
