pjosh1
Long

Bacanora BCN - Potential Double Bottom on Weekly

LSE:BCN   BACANORA LITHIUM PLC ORDS 10P
Weekly chart of BCN - showing a few signs of a potential bottom.

1) Hammer Candle showing rejection of 14.6 level.
2) Double bottom formation.
3) RSI level indicating an oversold condition.

Potential Idea-

Entry: Market
SL: 14.6
Target 1: 37.5
Target 2: 56.5

Timeframe: Long Term - Weeks to Months

Comments

Update: Still holding above 14.6 Support Level
Reply
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