BSV has being gone sideways for almost 2 months and the 140-180$ range has been consolidating. Today BSV had a break out of this zone but was quickly denied back below 180$, however the selling pressure is quite weak so we can believe that BSV will continue to rise in the next few days.
The heading target is the 220$ zone. This zone is quite special since it is easy to form a right shoulder of a Head & Shoulders pattern and fall back to 140$ so I think we will sell out BSV in this zone.
Currently, we should buy as close to 165-170$ as possible and can buy more in the 140-150$ zone if a bad situation arises.
Stoploss if BSV falls out of the 140$ zone.
Note: the 190$ zone can be a hurdle that BSV will be quite difficult to overcome for the time being.
The heading target is the 220$ zone. This zone is quite special since it is easy to form a right shoulder of a Head & Shoulders pattern and fall back to 140$ so I think we will sell out BSV in this zone.
Currently, we should buy as close to 165-170$ as possible and can buy more in the 140-150$ zone if a bad situation arises.
Stoploss if BSV falls out of the 140$ zone.
Note: the 190$ zone can be a hurdle that BSV will be quite difficult to overcome for the time being.