BAUTO - limited upside inside triangle pattern?
After -13% pullback over 14 days, we observed a reversal with limited upside within symmetrical triangle. We also observed a strong resistance @ 1.47, which could be one of the barriers to hit our TP. Volume is reduced during the pullback, and we can see it continues to build during the reversal.
MACD+RSI+STO showing a positive movement and we believe it will continue next day.
EP 1.43
TP 1.55 (+8%)
SL 1.31 (-8%)
Speed: Fast with 512M shares float (44% of 1164M shares)
Sentimen: Bullish automotive sector for 2021
TAYOR
MACD+RSI+STO showing a positive movement and we believe it will continue next day.
EP 1.43
TP 1.55 (+8%)
SL 1.31 (-8%)
Speed: Fast with 512M shares float (44% of 1164M shares)
Sentimen: Bullish automotive sector for 2021
TAYOR
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