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TomKirk

Bapcor ascending triangle

Long
BAPCOR LIMITED (ASX:BAP)  
TomKirk Updated   
ASX:BAP   BAPCOR LIMITED
Chart Patterns Triangle
2
0
chartpattern triangle
-1 year ascending triangle
-Well defined boundaries
-High volume previous week with price touching both boundaries within the week

50 basis point risk on break, an additional 50 on close above boundary
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snapshot

Potential breakout day, Stop buy order in
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One of my favorite validation indicators is how Bollinger Bands fit around a classical charting pattern. Note the bands are beginning to squeeze with the upper band forming around the upper boundary of the pattern
snapshot
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