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DeclanTroy

BKG Inverse Head & Shoulders Buy

Long
BERKELEY GROUP HLDGS ORD GBP0.054141 (LSE:BKG)  
DeclanTroy  
LSE:BKG   BERKELEY GROUP HLDGS ORD GBP0.054141
Trend Analysis
2
0
trendanalysis
BKG Has formed an inverse head and shoulders pattern with a resistance of 3751. There's also been some tight consolidation leading to a breakout, which is over the 50 day SMA. 14 day SMA was acting as resistance but is now support and the 7 day SMA is making a bullish move and almost taking over the 14 day SMA.

My game plan would be the following:

Trigger Price: 3609
TP: 4109
SL: 3509
RR: 5:1
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