Very interesting pattern potentially forming on BES. With a flat bottom forming, a flag pattern is starting to shape up on BES. This is not a guaranteed move of course, it could head-and-shoulders back down to it's normal lows. Please do your own due diligence, research the company, manage your risk. Check the news and watch for large purchases.
News today that BES has a deal to supply 12V batteries for TESLA cars. Target 1: $2.18 - for the bullish pennant Target 2: $2.84 - Fib Target 3: $4.50 - Fib I would be curious to know if/how your targets differ. *Not financial advice*
A bit of history repeating here. Look at those lovely volume curves. RSI looks good. * NOT FINANCIAL ADVICE
Bullish Pennant Pros: Descending volume during formation PPS above 50MA and 200MA RS above 0, but flat ATR Ascending R/R ratio above 8 200MA ascending Cons: 250RSI below 50 If confirmed: PT = 0.20$