Long

BAT is breaking out. Where to next?

Updated

Watched this one for a while as it broke out of the horizontal range.
It then went straight to the Weekly level at 1.43 before backtesting the range and the lower Weekly level.

Currently breaking up on decent volume.

Next targets 1.51 and 1.73.

Note

First weekly resistance reached. Wouldn't buy in here but wait for a pullback before continuation. Volume is high, which is bullish

Note

Both targets achieved.
Next targets are 1.99 and 2.96.

It pulled back yesterday at 1.43 and I do expect another pullback.
I would never buy in at a high.
Patience is your friend and if you miss it, so the f be it

Note

It went as fast down as it went up. My patience paid off and I did not buy in at the high.

The pullback seems like a healthy correction.
Currently in a no trade zone but pullbacks seem to be buying opportunities

Capitalchief

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