BST @ 14 Oct 2021
Text me if you have any questions/comments for me.
-----
BST
- Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to the short-term support and today, it gapped up
- A successful rebound is around 3.42 levels
- A resistance level looks to have formed at 3.45 levels
- An entry around 3.42 levels can be considered as a pre-breakout entry
- To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
-----
BST
- Previous analysis was done on 12 Oct - Suggested waiting for a retracement and a successful rebound
- Since then, the stock has retraced to the short-term support and today, it gapped up
- A successful rebound is around 3.42 levels
- A resistance level looks to have formed at 3.45 levels
- An entry around 3.42 levels can be considered as a pre-breakout entry
- To manage risk, can consider half-position entry on pre-breakout and remaining half position after successful breakout of resistance
- R is less than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a successful rebound before plotting half-position entry
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.