$BCOCaution of overall market environment. Watching for bullish move out of high tight daily flag on $BCO. Currently testing 2021 high and .382 fib retracement of covid lows. Greater movement and demand for precious metals and valuables. Potential tariff inflation and global uncertainty also a tailwind for core business. Earnings in a month. Moderate conviction, but overall market conditions will overrule.
BCO trade ideas
Capitalize on the Crude Surge! Exciting Opportunities Await!After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide rapidly.
Now, I know what you're thinking - what does this mean for us? Well, my fellow traders, we are on the verge of an extraordinary opportunity to capitalize on this crude surge! The stars have aligned, and it's time to consider long oil positions that could potentially yield substantial profits.
As fuel demand continues to soar, propelled by China's impressive recovery and other countries following suit, the global oil market is set to witness unprecedented growth. With Saudi Arabia and OPEC+ allies tightening their grip on production, storage tanks are expected to drain rapidly, creating an environment ripe with potential for traders like us.
So, why wait? Seize the moment and take advantage of this exciting turn of events! Consider long oil positions and position yourselves to ride the wave of this remarkable crude surge. You'll strategically position yourself to maximize your gains and potentially reap substantial profits by doing so.
Remember, timing is everything in the trading world, and this is a prime opportunity that cannot be ignored. Don't let this thrilling chance slip through your fingers. Take action now and dive into the world of long oil positions to unlock the potential for extraordinary returns.
If you have any questions, need further guidance, or want to discuss this thrilling opportunity, please comment away. I am here to support and assist you every step of the way.
The Brink’s Co SetupBCO provides secure transportation, cash management, and other security related services in North America, Latin America, Europe, and internationally. The EPS growth (TTM vs Prior TTM) is 500% and there has been significant buying by CFO, James Domanico for a total of 130,327 share for a total market value of $5MM as recent as 7/12/22.
We are around 2% above the 52 week low with high volume. Our support is around the $53.70, which I marked based on the significant volume spike on the 11th of may 2022. Based on this I would say we have a good risk to reward ratio of 2.0+ for a long position.
According to 2 analysts from Thomson Reuters/Verus, the 12 month price target for BCO is the following:
Mean- $92.50 or roughly 69% gain
High- $96.00
Low- $89.00
#thedailyinvestor
$BCO Building a Base around its 50 MABrinks has been consolidating around its 50 MA after a 100% rally from November of last year. If you zoom out to the weekly, the stock is forming a base on base pattern where it initially formed a rectangle pattern, broke out, and now forming another basing action just above that level.
Brinks Co (BCO)- PROVIDES SECURED LOGISTICS, CASH MANAGEMENT AND MONITORED SECURITY SERVICES TO BUSINESSES/GOVERNMENT AGENCIES
BCO - Breakout pullback with bearish engulfingI. Analysis
1. Stock ranging since end April until beg May after a steep sell off. Broke out below support level tested trice + stock trading below 50MA. - Bias is short
2. Previous support turned into resistance with the breakout had been tested trice and hence works as a good vale area + price is now leaning against 20 and 50MA
3. Bearish engulfing candle formed at the convergence of these three structures abovementioned - so we have an entry trigger as well
Idea is to trade this throwback, form a value zone with a satisfactory entry trigger.
II. Trade
1. Go short next candle
2. SL 1 ATR above highs of the bearish engulfing candle
3. TP next swing low
Plsd to hear yr comments
Cheers
Ruben
$BCO can fall in the next daysContextual immersion trading strategy idea.
The Brink's Company provides secure transportation, cash management, and other security-related services in North America, South America, and internationally.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $38,18;
stop-loss — $41,47.
Information about take-profits will be later.
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.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Brinks (BCO) Daily Chart.Brinks trading at 40% below its fair value, earnings are expected to grow 66% per year. Volatility on this stock is highly influenced by the broad market. With that in mind, now might not be the best time to buy. However a good stock pick for the watchlist.
Medium to Long term outlook, looks positive.
The Brink Co is on the Brink of a corrective pull backI believe this market is at the end of an extended 5th wave. Behaviour following fifth wave extension is typically sharp and will find support at the level of the low of wave 2 in the wave 5 extension. In the case of Brinks CO expect the correction to end around $26. If my analysis is correct the RR is asymmetric.
BCO IF YOU LIKE OR AGREE WITH MY ANALYSIS PLEASE LIKE THIS POST=)
Hello, my name is Justin Madrid, founder and CEO of Madrid & Co. For3x Trading Group and MDR. Thank you for taking the time to review my analysis. Please take the time to review our analysis and charts. We have a great website that provides analysis as well. Go to our website and become a member today for free. Best of Luck,
J Madrid
@BullOfElPasotx
Bearish Trading OpportunitiesThis chart is a great example of various shorting opportunities. Be flexible in trading and watch out for opportunities that present profitable downside potential. Too often we can develop a habit of only looking out for upward swings such as the one presented, however, this chart clearly had plenty of shorting opportunities.
Watch out for sideway movements that are simply stalls before a true trading opportunity will present itself.
Use fundamental data and technical analysis tools to reinforce your trading strategy.
Strong Core Mindset principles will be a key element in successful implementation of trading execution.