This idea/pending trade is part of a larger research report and should only be considered within a well-diversified portfolio.
- A Break of Line A_B Triggers A Buy/Long - Pre-Market Price: 17338c (10-May-2021) - Share Code: BVT - The share continues to trade within it’s 6-month gradual upward channel where we have seen a pullback to the last close of 17338c from it’s recent peak of 18600c. Within this channel, a bull flag has developed, which has created a dual resistance. - On the chart, a break of the the bull flag resistance and line A_B is a trigger for short term traders looking to buy in anticipation of an upward move. - On the chart, a ‘potential price path’ is highlighted with an initial pullback expected before an upward continuation. - Provisional Levels: - Buy Range: 16700c-17000c - Stop-loss: 16340c - Target Range: 18200c-18500c