BGC Uptrending with volume. Great set-up from BGC. Big Volume breakout at 10.30. Trendlines looking good, look to buy. Target Price at about 12.80-13.00 Exponential Moving Averages upward cross. Fundamentals looking solid.
End of Downturn for BIGBIG Camera seems to have been through it's worst. Online sales seems to be doing much better, although site traffic is still in a downtrend. Now awaiting reopening of tourism which has a lot of pent up demand, while the camera boom 5 years ago seems to have completed its product shelf-life. Granted smartphone sales has taken a lot of the digital camera market, but accessories, travel and action related products as well as demand for visuals in the marketing industry (especially video) will play a big role. Predicting we will see a boom by the Q1 2021.
SET:SYNTEC long TP @ MLMACD in monthly chart cross signal line.
Prices are higher high and higher low.
The price is at Fib ret between 78.6 and 88.7.
Plenty of upsides.
Action:
[wait for the price to retrace around lower channel (orange line).
SET:TSE Monthly chartInput
RR 3:1
TP = 6.74
SL = 1.94
Entry = 3.14
ATR = 0.6
ATR x 2 = 1.2
Setup
RSI = OS
EMA12 cross up EMA26
