Bearish potential detected for BAP

22 Jun

Entry conditions:
(i) lower share price for BAP along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $4.82 (close of 18th June).

Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $4.92 from the high of 19th June), or
(ii) above the prior resistance zone of $4.87 from 8th November 2024, depending on risk tolerance.

28 Jun

Pesanan dibatalkan

UPDATE (week ending 27-Jun): DMI/ADX showed decreased bearishness and RSI increased during the week alongside a price increase, which was opposite to what was prescribed from the entry conditions, so this trade is therefore cancelled.