BERG LONG TRADE 12-June-2025BERG (1-Week Timeframe)
- *Accumulation and Breakout*: BERG was in a downtrend from February 2017 to October 2018, followed by a 6-year accumulation zone. The stock broke out of this zone with a powerful move and huge volumes (around 4 times more than average).
Current Situation:
- *Pullback and Bull Flag*: After the breakout, the stock retested the breakout level in a pullback channel, forming a bull flag pattern. The price has broken out of this bull flag, indicating an upside move is expected in the coming days/weeks.
Expected Move:
- *Upside Potential*: Given the long duration of accumulation, we expect an equivalent move upwards, potentially increasing the stock price by more than 80%.
🚨 TECHNICAL BUY CALL – BERG🚨
- *Buy 1*: 107.40 (current level)
- *Buy 2*: 100
- *Buy 3*: 88
- *TP1*: 129
- *TP2*: 151
- *TP3*: 176
- *TP4*: 201
- *Stop Loss*: Below 72 Day Closing Basis
Risk to Reward is 1:4
Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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