ASX:BKT - Potential 70% play

21 Oca 2020

I like the look of BKT here, my trading plan is as follows.

My reasoning:

• Location: Reload zone
  
• Structure: Double bottom off the 786
  
• Divergence: Confirmed div in histogram and willy (coming out of stupid). RSI is bullish, looking to cross 50. "W" in OBV about to cross 13EMA.
  
• Trend: Break of bearish trend commencing June '19
  
• VPVR: Retracement lining up with the POC
  
• Gap below: Nice entry location
  

Looking to buy in the green box as an optimal trade entry - "reload zone within a reload zone". Red box will be the target, lining up with the top of VPVR value.

Side note: Similar play and setup to the ASX:PLS analysis posted below.

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21 Oca 2020

Not

6 Şub 2020

İşlem aktif

Slowly, slowly... gap filled in

14 Şub 2020

Not

Nice close out to the week, expecting some nice movement in the coming 1-2 weeks.

14 Şub 2020

Not

21 Şub 2020

Not

Another week of sideways, nothing to see here.