BW LPG shifted to positive long term-trend.
The stock has proceeds following a positive trend with positive indicaters.
The stock shows a continued momentum to proceed upwards and follow the trend.
Confluence between rising wedge and resistance at a 47.00. Strong reject.
Could retest rising support line before next breakout attempted.
Long at breakthrough of resistance at 47.
I've taken a closer look at BWLPG
As can be seen on the chart, there are two major resistors in the course and I have marked it with orange boxes.
It is not in range, but if you look back in time as shown on the chart, you can see that the price is doing well within this framework (price action)
MACD - is positive and has lots of give of yet and has been in...
Hi Investors,
If you look at the price chart of this company for the last 3 years it might not impress you.
Also, now might not be the best time to open a buy position, but what we can see from a technical perspective - is forming a flag pattern, which usually ends up in breaking support or resistance lines.
Both ways are good for us as if the price goes up and...
It seems like this section look at a bit brighter future with rates going up. I especially see a potential in BWLPG. Target around 50 to 52, stoploss set at 26.
