BAE
BAE Systems long W FormationExcellent trade idea to buy BAE Systems on FTSE 100.
Target 1 £911.00.
RSI broken above resistance
Moving Averages are all positive.
Good to go
BAE Systems (BAESYS) - macro (10 year) uptrendBearish divergence on the RSI and MACD preceded the recent fall in price.
Double bottom may or may not be significant here, as the last impulse down is likely related to stock market crash fears.
In Dec 18 and May 19 we saw the highest selling volume since Jan 11.
