Since reaching a peak of R5,34 in January 2021, BWN has has been in a correction.
The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards.
Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it.
The MACD has recently broken and held above the zero line, further adding to my bullish sentiment.
enter @ market
stop-loss @ R2,36
Take-profit @ R5,34
The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards.
Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it.
The MACD has recently broken and held above the zero line, further adding to my bullish sentiment.
enter @ market
stop-loss @ R2,36
Take-profit @ R5,34
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.