AndyTheKing

ASX:BKT - Potential 70% play

Long
AndyTheKing Aktualisiert   
ASX:BKT   BLACK ROCK MINING LIMITED
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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Kommentar:
Trade ist aktiv:
Slowly, slowly... gap filled in

Kommentar:
Nice close out to the week, expecting some nice movement in the coming 1-2 weeks.
Kommentar:
Kommentar:
Another week of sideways, nothing to see here.

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