BCE.PR.K trade ideas
BCE weekly macd buy signalFollowing a huge sell off and post-earnings flush signs of life emerge as the daily Macd followed by the weekly Macd turn positive. A lift into the high 40's looks possible. Anyone who wanted to sell BCE has been washed out already. Dividend cut is already discounted in the action imho.In fact any sign of improving balance sheet will likely fuel the upside
BCE, Long, 1h✅ BCE has formed a clear inverse head and shoulders pattern, with the neckline decisively broken. The price is now moving upward toward the key resistance at 38. This level is likely to act as a strong resistance, potentially leading to a bullish continuation.
LONG 🔥
✅ Like and subscribe to never miss a new analysis! ✅
Use of implied and Historical for ranges when your left guessingTrap trading gets you out of making guesses that are not confirmed by price action .
Set your stops and wait for the market to rebound to consolidation or break out of it.
These snippits are from Barchart. Makes scanning for stocks that have high IV rank and are worth your time watching. I create a list of optionable stocks, they are usually more liquid and have a bigger audience that is more sophisticated
Trying oa quick scalp of BCEMy target is 3.5% above so nothing to go crazy about.
I think BCE has been consolidating, broke above the creek level of the trading range and that it is now retesting. Today we have what I think is an ok retest of the low of the demand that came in on August 6 and its also testing the high of August 6.
BCE - BCE Inc - Wyckoff MethodWe are see a Wyckoff Accumulation unfolding in the BCE. We think a big swing up is coming as Phase E takes shape.
RSI is in an upward trend and sitting at a 65. We are watching RSI closely as it comes to a peak.
Price target near the resistance level of $65.00, we will look to close out the position at that price.