BRLY Looks bullishBRLY has been on a downtrend since it IPOd but I think the accumulation is now complete and will see stock price appreciate.
Please do your DD as this is not a financial advice.
BRLT trade ideas
BRLT Likely Scenario Wait for a confirmation for that potential scenario. breaking down the price channel is a stop loss.
Cheers,
j
Earnings BRLKdaily and 4hr demand zones listed
4h seems responsive this week but a littler nervous it's selling off into this zone. No say if it will respond again
Usually if there's a sell off before earnings it's the 1 of 2 things. Info leaked and people are selling off to get rid of stock, or big players are getting other people in lower to explode. Knowing risk is essential going into earnings.
21-10-21 Broke the WedgeBRLT is a recent IPO with massive yoy growth and room to grow. Im fundamentally long here.
However the chart is even better. The accumulation in the support zone and 10 day moving average tells me something might happen today.
Stop loss on market close below 10 day MA and support zone makes this a great R/R ipo opportunity
$BRLT is giving a GREAT IPO LONG opportunity todayIPO intraday trading strategy idea
The share price is rising and gonna continue this trend today.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $16,12;
stop-loss — $11,75;
take-profit — $29,77/MOC price.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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