BCPC has formed a H&S on the daily charts, with a double top on the weekly and monthly charts. Indicators are pointing down and trend is down on the daily chart. Looking at over a 3 RRR.
indicators pointing down. trend neutral. double top visible
Double top and indicators pointing down. trend is up,...
We can see a pull back in this triangle ascending. The prices reached the ascending moving average in this pull back movement. An agressive buy would be called at hte moving average price, with the stop being beneath the last dip and the target measured as the base of the triangle ascending projected.