BAWP trade ideas
BAW Box Break on Volume? BAW looks ready to pop if it can break out of this consolidation box its been trading in.
*Huge Volume spike supports the breakout idea. (Nicolas Darvas)
* Am worried about the RSI and Stochastic that is very overbought, but this can also indicate momentum.
Potential targets are 8000 and 10000
Disclaimer: This is my personal view and opinion and should not be taken as trading advice...
It's all over BAW the shoutingAfter releasing preliminary results, Barloworld shares have started tanking. Low growth, slack demand and lockdown, all taking it's toll. Next up is the retrenchment of around 2000 staff. It's not looking good. We saw the "kiss goodbye" at the 81.00 level and while the stock has dropped significantly, I don't think the drop is over. I expect a re-test of the January 2016 low of R50.00 to act as support. I'd be looking to get short on any bounce from her ie. R65.00 for a target of 50 bucks robp@unum.co.za
BAW- BARLOWORLD LTDMonthly chart,Play the range ? looks pretty simple doesn't it ?
Weekly looks a bullish engulfing close with RSI moving up
Daily looks set to go to R78.00
Stop loss below 58.00
wait for the weekly close before buying or you might end up being the wick
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JSEBAW - BARLO breaking downtrend- After a sold move down, price is attempting to break out of the down sloping wedge
- Possible long entry developing (still time in the daily candle), stochastic oversold.
- Today's close will be key
- NB ( This is a countertrend trade)
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Follow more ideas on Twitter: @dctraderdan
JSE:BAW
JSEBAW - Nasty breakdown of support H/S- Price has broken through support on the daily with a gap down
- Stock is in a downtrend
- Will look for short entries on the retest on the breakline
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
JSE:BAW