BLU broke strong resistance at R4.78.
Can it break R5.40 and complete a nice looking CUP at R6.15 ???????????
In overbought territory but it is still going strong.
Any other suggestions on this!!!!?????
You get daily candles like this when investors have good earnings expectations and it disappoints. Trading on a news expectation is very risky business, especially where liquidity and volatility is high.
Long BTUJ - believe we reached bottom post results and due to exit of dividend holders. Despite the volume, no major drama on the selling front. Fundamentals look good.
SL 659 - Essentially just below the 2018 low or 7.25% from current price.
T1 - 820
T2 - 930 (might want to trail that one if momentum look good)
R/R = 2.7