BKSY has been stealthily forming a new high after breaking above the larger falling wedge which started since September 2021. Moreover, the stock has formed a pair of higher low and judging from the strong bullish price action and momentum, the stock is likely to break above the new high. Long-term MACD is looking good as the histogram is positive and MACD/signal line has trend above the zero line.
Stochastic Oscillator (62, 12,12) looks at a steady rise and is not overbought yet.
23-period ROC is psoitve and rising steadily.
Volume surge and stays within a strong, healthy expansion
Directional movement index displays a strong bullish strength signal
Overall bullish score is at 8/10. Metrics is based on 80% non-discretionary and 20% discretionary
Strategy: Buy spot at 17.58 but expect resistance at 19.61. OR buy on pullback at 12.95 or 8.83.
Target is at 53.20 and 99.32 over the longer-term period.
Related publications
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.
Related publications
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.