Fellow traders, here might be chance to quick profit. BCPT has recently stopped on 61.8 fib retracement which might be good opportunity to enter this trade. Stop Loss should be little bit below 61.8fib, targets are .8949 and .9976 or orange fib extension .11200.
Have fun.
Stay positive.
Have fun.
Stay positive.
Trade closed: stop reached:
We reached our stop, there was no bounce from 61.8 fib. Things like this happen from time to time. We lost only a few bucks, so no harm done. See you in next trades.
M.
M.
Comment:
If you wish, you may give the BCPT second chance, since right now it has found support on 200EMA. Also the volume is decreasing and it is on minimum, therefore something will happen soon. Put stop loss few points below EMAs and if support fail the loss will be minimum. If support hold we might see retest of previous high, or at least 23.6% fib.
Trade active:
We have a nice bounce from 200 and 50EMAs. However, the volume is decreasing. Remember adjusting your stoploss thru the climb.We already tested 50% three times without success. If BCPT manage to close above it will might go all the way to the top or at least 23.6%fib.
Stay positive.
M.
Stay positive.
M.