This script had been moving upwards in the channel at a decent pace forming an Ascending Triangle in the process. Last month once the Galwan valley fight started, that is when this defense stock gave a breakout of the Ascending Triangle and started racing on. Since the breakout it has given a staggering 68% returns in 24 days. The stock also continued in the...
266.35 currently I feel this baby can keep going up and creating new high's so if anyone is looking for a long term relationship with BDL now is the time to commit :) To be honest did not dig deep into this it just had me at " LOW DEBT" :)
Thought why not check out some defense companies since everyone is ready to kill each other, this is the first and it looks ready to pop on the 4hr It's forming a bull flag i assume and we are setting up to break through 281.30 . On the daily you'll see we got rejected by the 200 day on 3 occasions so obviously had to come back to refuel or see if the lower...
The chart explains how we can read a trend breakout and price volume action which can be very helpful in identifying momentum.