BCLIND is currently at a good demand zone. The stock is about to close a gap which was created last March. Some good volume and market conditions and it should be able to close the gap by this week or next week. It can start pumping up more and reach its Swing High levels once the Gap has been successfully closed. Company also has a strong 1Y Beta of 1.85.
MACD line and signal has a very good split which indicates strong Bullish momentum.
If market conditions are good in the coming days, this trade should not have any issues completing sooner.
Trade closed manually
Achieved Max Profits of 9%. Unfortunately, the trend has reversed and going downward. Better to exit. Do not hold further. Congrats to those who where able to book up to 9% Profits.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.