Text me if you have any questions/comments for me.
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BST
- Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a successful breakout before plotting half-position entry
- Since then, the stock has shown an ascending triangle pattern and looks to have broken out successfully
- Oddly, the trading volume of this breakout is below the daily average
- I’m usually suspicious with Breakouts that are not accompanied by high trading volume
- Price is far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound
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BST
- Previous analysis was done on 14 Oct (red arrow) - Suggested waiting for a successful breakout before plotting half-position entry
- Since then, the stock has shown an ascending triangle pattern and looks to have broken out successfully
- Oddly, the trading volume of this breakout is below the daily average
- I’m usually suspicious with Breakouts that are not accompanied by high trading volume
- Price is far from the short-term support
- R is more than 10%
- Strategy-to-buy (DYOR) – Suggest waiting for a retracement and successful rebound