Bearish potential detected for BAPEntry conditions:
(i) lower share price for ASX:BAP along with swing of DMI indicator towards bearishness and RSI downwards, and
(ii) observing market reaction around the share price of $4.82 (close of 18th June).
Stop loss for the trade would be:
(i) above the high of the recent swing high once the trade is activated (currently $4.92 from the high of 19th June), or
(ii) above the prior resistance zone of $4.87 from 8th November 2024, depending on risk tolerance.
