BSDE pullback from cup and handle neckline. Potential forming HnS pattern with pullback target (rough estimate only) confluence to Point C of Gartley Pattern.
If price pullback to Point C of Gartley and back up to HnS neckline, the HnS pattern will be completed and hopefully continue to the upside to complete the Gartley Pattern.
Finger Crossed !
I bought my positions today
July 31, 2023
The reasons:
1. Low-risk entry
2. A pullback to breakout level
3. It is in a confirmed stage 2 uptrend
4. It has a high relative strength line
5. A crisp pullback buy point
I start a pilot position today, I like to see some follow-through action from this point.
Technical Analysis is the forecasting of future financial price movements based on an examination of past price movements. Like weather forecasting, technical analysis does not result in absolute predictions about the future.
Hello Stock Market Enthusiast! Here's the Long-term outlook for BSDE , Support the Channel by smashing the FOLLOW and LIKES Button, then Share your opinion in the Comment Section below :)
BSDE is broken out of the falling wedge pattern. The golden cross signifies a potential bullish movement ahead on BSDE, potentially to the target area.
The roadmap will be...
All property rebound as property is always up
BSDE has been 1300, and it will reach it again. BSDE is a big group, good to hold. BSD will never vanquish like their properties. Have you seen the parking lot in Breeze BSD? In this pandemic, it's supposed to be a ghost town. But no, it's as crowded as ever even in working days. Business IS GOOD
Should have bought lump sum since 900 and exit at 1300. Seems to be stable at 1220-1300 range. Here we go back to 1220 closing price again for the second time. If it reaches 1210, then the pattern might fail. If it goes under 1200, chances it won't go back to 1300 in short term. Trade at your own risk. There are a lot of long term investment analysis, it would be...
Bullish Penant identified for BSDE, just noticed the pattern last night, and today showing a good sign of breakout, however the volume is only decent as of this writing
TP of 1490 considering the pole of the pennant
