With an average cost of 3.56/s on BWEN, the targetted sell range is a temporary previous-high (roughly) at 5.7/s.
That said, trends are not supporting this run. Potential EXIT @ 3.40.
This is currently targetted as a LONG to match the traceback to these lower levels, preying on a full-correction to that mark.
This is quite far from the most profound analysis this trader provides, but it is a brief touch on a LONG, if nothing else.
HAPPY TRADING!
-BDR
That said, trends are not supporting this run. Potential EXIT @ 3.40.
This is currently targetted as a LONG to match the traceback to these lower levels, preying on a full-correction to that mark.
This is quite far from the most profound analysis this trader provides, but it is a brief touch on a LONG, if nothing else.
HAPPY TRADING!
-BDR
Comment:
Support holding above 3.6 as it consolidates on MON session.
Comment:
Close @ 3.63; Support continues to be found @ 3.6/s. Could be a reversing candle tomorrow on today's -2.63% movement. If not, the take-loss is still 3.40.
Comment:
Trending down to 3.5 post-market; very foul sign. Be ready to dump if it continues w/ a weak opening Tuesday AM.
Comment:
Lack of volume is disconcerting; exited roughly @ avg cost. Odd low trading stock, but whatever I saw - is clearly not here.
Comment:
Just checking back in on BWEN: It now has a DEFINITE head & shoulders routine taking form...this is on its way to retrace very low regions. Bail if you haven't yet.