BFBIO has been in uptrend since its induction in PSX in Oct 2024.
It completed spike phase of its Uptrend in First week of Dec, then it started its Pullback in Bearish Channel (Remember Bear Channel is in fact a Bull Flag).
I gave Breakout from this Bull Flag with heavy volumes as shown by Weis Wave Volumes
Usually measured move out of channel correction goes to the start of the channel which is around 240
To have a better Risk to Reward Ratio buying is recommended in 3 parts
Trailing of SL after TP1 is also suggested
BUY1 170
BUY2 164
BUY3 158
TP1 190
TP2 240
SL BELOW 150
It completed spike phase of its Uptrend in First week of Dec, then it started its Pullback in Bearish Channel (Remember Bear Channel is in fact a Bull Flag).
I gave Breakout from this Bull Flag with heavy volumes as shown by Weis Wave Volumes
Usually measured move out of channel correction goes to the start of the channel which is around 240
To have a better Risk to Reward Ratio buying is recommended in 3 parts
Trailing of SL after TP1 is also suggested
BUY1 170
BUY2 164
BUY3 158
TP1 190
TP2 240
SL BELOW 150
Trade active
TP1 ACHIEVED
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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.
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.