Trading within a Bullish Channel formation.
Bespoke support is located at 12435.
Positive overnight flows lead to an expectation of a firm open this morning.
Further upside is expected although we prefer to buy into dips close to the 12435 level.
We look to Buy at 12435
Target 1: 12675
Target 2: 12800
Daily market report July 8th...
Swing trade idea - Long BOO.
I’m took this position first thing this morning after reading the RNS - Another impressive set of results.
Looking to continue boucing off the 50MA before breaking out to retest all time highs.
Run the stop where you like. Below the MAs or below the lower trend line.