Does BBL move higher from here?

2019年5月18日

BBL current market price(979.35) which acted as resistance (marked with RED arrows) during 2016 and early 2017 is currently acting as great support (marked with GREEN arrows) since then. Does it move higher from here? Based on the chart below, it seems highly likely. However, your guess is as good as mine.

2019年5月29日

ノート

200 DMA can act as a resistance as the current market price is coiling just below 200 DMA for last 3 days after a big spike on Monday. Can use 50 DMA(1063.52) as stop loss to preserve gains if anyone is LONG in the trade.

2019年6月29日

トレード終了: ストップロスに到達

As expected, stock faced resistance at 200 DMA and gave up all the gains and went below 50 DMA to hit the stop loss provided in the previous update. Hence, closing the call.