Swing Trade on Bombardier $BBD.B
Updated
Reasons:
- Price has broken above the 20 and 50 sma's which have been acting as dynamic resistance
- Price is just above the 200sma (purple) which has been acting as dynamic support/resistance
- Price has broken above trend line (dashed line) which price has been bouncing off of for the past month
- TRIX indicator has gone positive
- Price has continued to find support at a rising trend line
- Price has broken above the 20 and 50 sma's which have been acting as dynamic resistance
- Price is just above the 200sma (purple) which has been acting as dynamic support/resistance
- Price has broken above trend line (dashed line) which price has been bouncing off of for the past month
- TRIX indicator has gone positive
- Price has continued to find support at a rising trend line
Trade closed manually
Trade Closed at $2.33 for a 7.87% return.
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