Looking at the build-up of demand as price enters the 50-61.8% Fibonacci retracement. These retracements represent significant points of structure where reversals are most likely to take place. This is the logic we followed for our initial buy at the 78.6% retracement line.
Possible Entry for Long run,
BGI is getting closer and closer to the 2.77 support which could cause great buying oppoturnity.
Volume gained Last days - positive
1h macd - positive
1hr rsi - oversold - positive
GLHF
Birks may have a mid-long term wun up if this ascending triangle confirmes.
Must first break the 4.50$ resistance barrier.
If confirmed:
Price target = 8.06$
Stay humble, have fun, make money!
BIG Gap up on July 1 after news that BGI reopened in Canada. But now it's at some interesting levels. The 618 fib has acted as support/resistance for a while. Since BGI broke above that, we need to see if it can hold. Next minor resistance seems to be around the .5 Fib then more major at the 382 fib. This 382 level is an area that BGI seems to have had a tough...
🟢 $BGI Target 4.15 for 30.5%
Or double position at 2.21
Alright... I'm just trying to ride up with momentum the volume here... Be careful if you take this one...
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and...
Possible move:100%+
Reward/Risk: 10(R/R>3 is Ideal)
Time frame: 1-4 wks
This is just my technical view, not a fundamental comment..!
I can make you confused by a crowded messy chart, but I would rather simple effective presentations..!
Bullish Flag, awaiting confirmation
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending
Target:
PT = 4.68$
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
