Hey people, BCE is in a bullish continuity with high volume of purchase executed, but to slow down at the end as we can see it with the shadow and it will directly turn around to start again on the rise. ECB can breakout its stabilization zone with a big possibility of reaching the new zone to fill the bullish gap.
Arriving on the last previous low point which...
The price of BCE Inc has moved in fast bullish jumps and slow bearish corridors for two times in a row now. The 200 SMA has already acted as a resistance in June and it is reasonable to believe it will act this way for the next jump as well, which is just about to happen. The first goal for a short position is the 41.83 support/resistance and the...
Potential buy on BCE, Ascending scallop can be seen which is has a sharp bullish reversal component, if this follows through and the bottom is on the Fibonacci line, this could produce some nice results.
BCE is at a strong resistance area and i expect a lot of sellers to short the stock in this area, and with the RSI being overbought i think this could be a good short trade
SL above the previous high at 49.64
As Canada’s biggest communications firm, BCE (NYSE:BCE) essentially has a moat. In this day and age, no one can survive without internet access. As such, BCE leverages extensive broadband and wireless networks that have a value north of $4 billion. The company’s broadband footprint extends out to 9.2 million locations, and it offers LTE wireless coverage for...
Before the trade: price will go down because the price is at the support level
After the trade: that you were to tight with stop loss, after that you have a new rule that stop loss should be set few tick above the previous top. NOt very good trade but you learn that you still have too tighs stops.