Let measure that stock will maintain the momentum or revised
Basically Bslcorp is involving in precision stamping and PCB assy. The company valuation had went down to 0.065 from its peak 2.430 in Nov'21. This had happened amid BCM Allience / Cita Realiti disposing their shares. Having a very low gearing ratio (0.09 as of Feb '22) while the US gov is trying to minimize China influence in the chips sector, this will provide...
BLSCORP proposed potential trading plan. Consider to study and verify BSL's set-up which is based on Elliot's ABC corrective zone formation. Observation: Price retraced to below fibo786 in Waves 1-5 formation. Price retraced to below fibo2.618 in ABC corrective zone formation on expanded flat and is coming back to fibo2.618 based on 2 green candle formation. Must...
1.hot money push di TFDAILY. 2. BBD green di TF1 HOUR 3. Jika drop, monitor pd 0.46-0.465
Long term double bottom - Predicted to bounce back.
BSLCORP potentially rebounding from EMA200 and Fib786 cluster. Probable EP is 0.905 to retest Fib786 and the probable TP would be at 1.200 which is a year pivot resistance and Fib618 cluster. The probable CL would at 0.770 below S1.
BSLCORP shows a Breakout (BO) signal due to significant price movement from previous traded with volume above MA20. MACD and OBV charts indicate an early divergence signal. Weekly charts show a positive trade. To place your bid, use VWAP as a guideline and place your bid below the VWAP line. R 2.47 S 2.00
Resistance 1 : 1.170 Support 1 : 1.015 Support 2 : 0.820 BSLCORP reach a resistance at 1.14 - 1.17. If cannot break 1.17 to reach new High, will look back 1.015.
BSLCORP reached 52 week high. Currently on rebound. Monitor retracement for possible entry point and breakout to break 52 week high. Green Candle = Breakout Candle Red cross = possible entry point Orange dotted line = 52 week high
BSLCORP strong resistance at 1.03. Overall trend is uptrend
Resistance 1 : 1.10 Support 1 : 0.82 Support 2 : 0.74
Note - base on chart, there is an increase of last-minute buyer. From zero to hero, BSLCORP manage to convince buyer to coming in after long retracement correction. - I jotted down basic (1) best entry, which I assume price will rally from 0.865 to 0.95 -
Forecasting price risk to reward base on chart pattern my forecasting price for this stock as per details above.
MYX:BSLCORP Breakout Downtrend Line 52 Weeks High Line Fibbonaci Retracement Candlestick Support & Resistant Zone Trendline Support & Resistant