Toward the end of May, my long term (12-month) target for BAW was reached. Since then, the stock has retraced, overshooting the incline support however trading within the 50/61.8% Fibonacci Retracement. Note, the RSI is breaking up before the stock - that's constructive. In addition, we note a same-day reclaim of the 8/21 EMA.
Initial position at the current levels (10416c) or better, adding above 10575c
Stop: 9980c
Target Range: 11200c to 11500c
Initial position at the current levels (10416c) or better, adding above 10575c
Stop: 9980c
Target Range: 11200c to 11500c
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.