ASX.BRL Bathurst Resources#BRL Bathurst Resources 1.54 - Watch the 1.67 area for retracement before next and possibly final wave.
BRL trade ideas
BRL.ASX_Bullish Breakout Trade_LongENTRY: 1.350
SL: 1.200
TP1: 1.485
TP2: 1.605
- ADX>25
- Daily RS +ve
- Daily FFI +ve
- Weekly RS +ve
- Weekly FFI +ve
- Moving averages are aligned
- Brokeout previously on 14 Apr 2022 and 2 May 2022 with volume/
- Entry based breakout today and on >2% rebound off 10EMA with volume
$BRL update. tight flag, time stop approaches. break 92?Energy stocks, resources flying. $BRL tight like a tiger. Need to see it move this week or I suspect the time stops will kick in and a shakeout will occur.
$BRL fill out another cuppy move up thru 90?This looks like a good stock to try and get a position on below 9c or wait for the bois to take out 9c level. Your call. Orderly pullback in the last couple of days.
Bathhurst Resources 200 MA Reversal TradeA solid risk vs reward trade looks to be setting up on the Bathurst Resources chart.
We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c
The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ratio
