Ticker: (BB) Black Berry - Swing Trade Idea: June 3, 2020 🚀Ticker: (BB) Black Berry : Eyes on BB Above 16.25 with volume.
✅As you can see here we have formed a bullish pennant on the 1 hour backed with strong volume.
The red spinning top at supply closed with over 144 million volume. After a healthy retracement to
the downside, we were able to find support just below the 9MA (blue curve) where we formed
an engulfing bullish pinbar.
✅We also have a double doji inside holding the 9MA (Circled Angle). This tells me that a big move to the upside
or downside is approaching. Based upon the previous trend and unusal order flow. I am anticipating
a strong impulse to the upside in the near future.
✔️Confirmation: I would like to see BB gain strong volume above 16.25 for an upside move to 18.
🎯Anticipated Targets & Stop loss:
Target 1: 16.25
Target 2: 16.50
Target 3: 17.00 - 18.00
Stop Loss: 15.75
🤝Contracts:
High Risk- 17.5 BB 06/04 EXP
Low Risk - 15 BB 06/11/21 EXP
