Brunswick Corporation | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Brunswick Corporation
- Double Formation
* Wedge Structure | Range Area Template | Subdivision 1
* EMA | 50, 100 & 500 | Area
- Triple Formation
* Triple Bottom | Neckline Entry Bias At 82.00 | Subdivision 2
* Pivot 1 & @ | Support Template
* 012345 | Wave Angle 2 Area Target At 88.65 | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
BC trade ideas
Is Brunswick Ready to Speed Higher?Speedboat maker Brunswick may not get a ton of attention. But it’s exactly the kind of leisure stock that’s zipped higher lately.
First, notice how the stock fought to get above the $90-93 area earlier this year. It broke that zone in early March, briefly probed above $100 and then pulled back.
Buyers defended the old resistance and turned it into new support in the last two weeks. The 50-day simple moving average (SMA) has also risen from below to provide support.
Third, notice now prices have more recently hugged the 8-day and 21-day exponential moving averages (EMAs) – only to close above both yesterday.
BC is also interesting fundamentally. Not only did earnings and revenue beat estimates last quarter. Demand was so strong that management announced factory expansions at three of its facilities in late January.
Given the strong backdrop, this may be the kind of smaller company that can appeal on many fronts. It has the cyclical and consumer angles. It has strong market share. It may even have takeover potential.
Earnings are due in late April. Is this BC's last pullback below triple digits?
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PAY to BRUNSWICK CORP DailyHey guys, BRUNSWICK CORP is in a fake bearish movement with a significant shadow of rejection and high executed sales volume. The TIMEFRAME M1 shows a bullet dash, it is about to want to break the VWAP. It is very likely that it breaks in force to finish on the pre-session highs (See TIMEFRAME H4). And if the buyers are really back, reach the next high before the stabilization zone breaks out in this session.
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BC - Ascending ChannelStock is exiting an oversold condition while maintaining an RSI above 50 & remaining in its existing ascending channel. This stock is gaining some strength against the SPX as is the Discretionary sector.
I am targeting the channel resistance line or the $65.20 price level as my profit zone.
$BC daily chart bullish flag breakout $BC has been consolidating/trading/bottoming inside a box since Q4'18
Since July'19 has been rallying and forming a series of bullish flags
Stock broke out from the second bullish flag last week and rallied nicely
In order to participate look for either: 1) correction of the rally towards 51.50 - 52.00 area or 2) breakout from the box AND CLOSE ABOVE 55.52 area
Measured targets are : T1 - from the bullish flag breakout is around 60.60 / T2 - from the breakout of the box area is around 69.12
BC: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.