$BC has been consolidating/trading/bottoming inside a box since Q4'18
Since July'19 has been rallying and forming a series of bullish flags
Stock broke out from the second bullish flag last week and rallied nicely
In order to participate look for either: 1) correction of the rally towards 51.50 - 52.00 area or 2) breakout from the box AND CLOSE ABOVE 55.52 area
Measured targets are : T1 - from the bullish flag breakout is around 60.60 / T2 - from the breakout of the box area is around 69.12
Since July'19 has been rallying and forming a series of bullish flags
Stock broke out from the second bullish flag last week and rallied nicely
In order to participate look for either: 1) correction of the rally towards 51.50 - 52.00 area or 2) breakout from the box AND CLOSE ABOVE 55.52 area
Measured targets are : T1 - from the bullish flag breakout is around 60.60 / T2 - from the breakout of the box area is around 69.12
Trade active:
T1 reached , congrats longs
Trade closed: stop reached:
Stop in profit on the breach of T1
TA
TA