Bid Corp (BID)
I’m looking at BID on both the long and short side. BUY/LONG: The price has breached the downward trend and has regained the 8/21 EMA. With US equities having cosed lower on Friday, we may see weakness at the open come Monday’s trading session hence a pullback toward 234/235 is possible – a level at which we may see support kick in and resume the back-test of the channel breakdown, with the highs near 25690 being a target. SELL/SHORT: The downward trend line going back to the 27 January peak offers a potential short zone around 26600c however bearing in mind that the ‘gap’ at 27825 may be closed.
I’m looking at BID on both the long and short side. BUY/LONG: The price has breached the downward trend and has regained the 8/21 EMA. With US equities having cosed lower on Friday, we may see weakness at the open come Monday’s trading session hence a pullback toward 234/235 is possible – a level at which we may see support kick in and resume the back-test of the channel breakdown, with the highs near 25690 being a target. SELL/SHORT: The downward trend line going back to the 27 January peak offers a potential short zone around 26600c however bearing in mind that the ‘gap’ at 27825 may be closed.
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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.