without_worries

BT Group Plc

Long
LSE:BT.A   BT GROUP ORD GBP0.05
*safe investment opportunity - low risk*

On the above monthly chart price action prints a higher low following a 80% correction since early 2016. Shortly after a 2:1 stock split. A ‘great buy’ opportunity now exists.

Why Bullish?

1) Regular bullish divergence between price action and the money flow index (MFI) - oscillator on bottom of chart.

2) Trend reversal. A higher low was printed from the crash in price action back in 2009.

3) The 3-month chart below provides a clearer picture of the overall trend between price action support and resistance. Clearly an amazing opportunity.

A buy from 130p is amazing if you can get it. Expecting price action resistance between 160-180.

Target? Around 800. This will take time 5 - 6 years but it beats cash resting in the bank account with no interest like the past 10 years!

3-month chart:

Comment:
Up a massive 30% already in only 3-months. Expecting some resistance between 200 - 240.

Another buying opportunity might occur around 160 but that will be the last chance before higher highs are made.

Comment:
Perfect - playing out as indicated above / below. A buy from current levels is good. 140 excellent.


Trade active:
Stochastic RSI crossing up 40, safe long entry at this time.

Trade active:
Time to go long..

Trade active:
Above higher low confirmed.

BTC
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Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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