$BIN:ASX - BINGO INDUSTRIES - Swing off value?

Could be an interesting swing trade. At a pretty solid support / resistance area. RSI showing oversold and starting to point up so momentum might be coming back into the stock. Plenty of buyers and sellers in the queue. I have a bracket order on it. Sell if drops 5% or if it hits $2.95. Could be worth a look for a shorter term trade.

Longer view showing support / resistance to the left.

Bingo Industries Ltd. engages in the provision of waste management for domestic and commercial business. It offers skip bins, commercial waste, liquid waste, recycling centres, contaminated soils, and sand and soil supplies. The company was founded on March 03, 2017 is headquartered in Auburn, Australia.

Note

I had a bracket order in and sold this morning at $2.95 at my target which was great for a quick win. I didnt expect it to gap up so quickly. Be interesting to see what happens next. Price has retreated to $2.91 as I write this so trade worked out well so far... Might be tears if it blasts through $3 though :)

zAngus

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

TRADINGVIEW TIPS: YouTube.com/@zAngus

Also on: