Goals 200, 179. Invalidation at 262 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
A giant rising wedge can be observed on BAM This is the weekly timeframe and completion of the wedge is evident Normally Rising Wedges act bearishly but one of this magnitude hodls bullish potential, which is also evident with the breakout A support retest of the upper trend line and then further upward movement is likely
The construction sector has tremendous growth potential due to the large home shortage. BAM Group went through difficult times, but with a major reorganization and a new CEO Ruud Joosten who only seems to be making good choices at the moment. I see a bright future for BAM GROUP. I have drawn two levels where I get into position.
BAM Stock in SET bullish divergent Entry 18 Baht StopLoss 17.5 Baht TakeProfit1 19 Baht TakeProfit2 20.5 Baht Risk/Rewards ratio = 1:5.2
Financials haven't been so great. Some consolidation going on. Price is currently at a resistance zone. Looking for a retracement of the previous low before it may continue up....IF IT DOES. Used pivot points (orange triangles) to show pattern and relationship from resistance to support. Let me know what you think Like, Agree, Disagree, Follow! Strike Price: $39.27
Chart update. Still looking to buy in the high 40s, hoping these lower highs continue and I can get in where I’d like.
BAM is going down to new low. This will be confirmed by red line crossing down. correction Truncated ZigZag in TF 1 hr.
I expect BAM to collapse in price into YE 2019 brschultz / markettimer777
34 SMA, 340 SMA, & 500 Double Hull my 3 weapons of choice
Daily model says we are near a long term peak on BAM - so i'm going to see if BAM gets SLAMMED.
Monthly model (eue.tu.ub) show optimal buy point is Q2 2020 & therefore i believe BAM is at a optimal sell point here in the last days of January 2019. brschultz
Over the next few months the price of BAM could rally following the confirmation of a pipe bottom pattern. I'm watching for a breakout above about 42 (top of the red candle wick). Target: 44.4 Stop: 36.6 Best of luck with your trading. Like the idea if you agree, and let me know what you think in the comments.
***Update***
Waited a moment like that since months. no better since ever. There is a so long triangle to break. And a smaller one too. A triangle in a triangle... I don't know what is the target. I don't care. I go blind in this trade. I already feel me like Scrooge McDuck swimming in a pool of Vericoin.
Wouldn't be surprised to see this one take a big run downward here, perhaps not for long though. This is another pretty easy to trade dividend stock with a spectacular balance sheet. Predictably bounces at the key levels. If you can get it anywhere near $27 it won't let you down medium term, although renewables are out of favor and the chart looks quite bearish so...