Long
BRKS - Cup and Handle. waiting for a regression channel breakout

BBRKS
I would have been more convinced if the Pearsons value in Regression channel was >0.899
Also there is one bar above Regression channel and one bar below regression channel.
47.7 to 47.95 is a resistance area.
Pearsons is not very important so as to not to take the trade as it is near 0.9 levels only.
But still worth a buy as fundamental is strong.
So i will place a buy above 48.2 for a 8 to 10$ move.
But after a buy i will keep 47 as stop loss.
I would have been more convinced if the Pearsons value in Regression channel was >0.899
Also there is one bar above Regression channel and one bar below regression channel.
47.7 to 47.95 is a resistance area.
Pearsons is not very important so as to not to take the trade as it is near 0.9 levels only.
But still worth a buy as fundamental is strong.
So i will place a buy above 48.2 for a 8 to 10$ move.
But after a buy i will keep 47 as stop loss.
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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.