BSM daily - is on side of the falling wedge pattern which is a very bullish pattern . The last several days' volume decreased while we are at BigRed (200 days MA) which indicates a strong move.
BSM is below all major MA, while volume is pretty low the last few days.
RSI is neutral with slight bullish divergence , meaning price is falling while relative strength is not what is a very bullish indicator.
MACD is oversold, the MACD histogram is ticking smaller and smaller red ticks while the MACD line is trying to cross the signal line which could signal a strong move bullish move.
Overall: BSM is bullish fundamental stock and that is why I would trade it only on the upside. Be aware tomorrow is the CPI report so strong moves are likely. Closing day above the blue upper dotted line would trigger a long position with stop loss below today's low.
BSM is below all major MA, while volume is pretty low the last few days.
RSI is neutral with slight bullish divergence , meaning price is falling while relative strength is not what is a very bullish indicator.
MACD is oversold, the MACD histogram is ticking smaller and smaller red ticks while the MACD line is trying to cross the signal line which could signal a strong move bullish move.
Overall: BSM is bullish fundamental stock and that is why I would trade it only on the upside. Be aware tomorrow is the CPI report so strong moves are likely. Closing day above the blue upper dotted line would trigger a long position with stop loss below today's low.
עסקה סגורה: הגיע לסטופ
Trade is stopped at 16.47.Expense trade - entry 16.67 and exit 16.47.
Expense trade of -1.2%
Consistency is the key of success....
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
Consistency is the key of success....
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.