Trade Alert
Something that you don't look at very often, but still, it is good have it mind, for those who are interested.
After a prolonged decline, BB is finally showing signs of hope again, by breaking the short-term downside resistance line. Of course, this doesn't mean that the stock now will fly sky high, but to see some higher levels could be a possibility.
If the stock breaks above the 7.65 barrier, we will then aim for the 9.00 level, marked by the highest point of December 2018.
If the share price suddenly reverses back down and drops below the aforementioned short-term downside line, we will take a more neutral stand and wait for the next setup to build up.
Don't forget your SL
Something that you don't look at very often, but still, it is good have it mind, for those who are interested.
After a prolonged decline, BB is finally showing signs of hope again, by breaking the short-term downside resistance line. Of course, this doesn't mean that the stock now will fly sky high, but to see some higher levels could be a possibility.
If the stock breaks above the 7.65 barrier, we will then aim for the 9.00 level, marked by the highest point of December 2018.
If the share price suddenly reverses back down and drops below the aforementioned short-term downside line, we will take a more neutral stand and wait for the next setup to build up.
Don't forget your SL