BEP - Inverted H&S IdeaPrice is clearly on this daily timeframe within a down channel
I am suggesting that price establishes a support along the lower line with an inverted H&S structure
This will push price back up into the down channel or even breaking the channel
Bars pattern in green shows my thoughts
BEP
Break-Even Point Calculation
Break-Even Point (BEP)
1. The break-even point is the point at which total cost and total revenue are equal.
2. Meaning, there is no loss or gain.
3. Potential investors in a business not only want to know the return to expect on their investments but also the point when they will realize this return.
Calculating the Breakeven Point (BEP)
1. Current Total Investment = (1*BTC@49348.17) + (2*BTC@39342.32) + (4*BTC@21117.39) + (8*BTC@10357.35) = 295361.17
2. Breakeven Point = Current Total Investment / (Total Number of BTC) = 295361.17 / 15 = 19690.74
BEP Broke the parallel channel, heading to nearest supportChart explains it all. BEP broke the upward parallel channel and is now heading towards its nearest support around 34 $
Disclaimer: This is not a financial advice. Just my technical analysis for educational purposes. I do not hold any positions in the stock discussed above.
BEP Swing Trade Entry/ Profit/Stop Loss zones
This is a long stock purchase idea for a quick profit on $BEP, this is a company that I have some shares in at a good price, and I'm looking to add more at pullbacks. This interested me because the setup has the potential to purchase a lot and sell half for a quick profit and leave the others to run with my other long term shares.
In this setup I am utilizing 4 moving averages, the two thinner lines are EMA 21/50 and the 2 thicker lines are SMA 100/200 (those also change color from red to green depending on if they are trending positive or negative)
The lower panel indicators are the OBV (purple) and CMF (green)
This shows that the money flowing into the company (CMF) has potentially come to a bottom in the short term; after our ATH
yet the OBV shows us that the number of shares being held overall has only increased since the highs in March / April
The Moving Averages are showing strong support from the SMA pair but the EMA pair show signs of a pullback, showing the longer-term trend (black support/resistance channel) has not yet been broken.
The two thin black dotted lines show support and resistance zones from the ATH and what I consider to be a legitimate midterm support level
Once again this is a sketch for my own personal usage and risk tolerances/objectives and is in no way financial advice
Please give me any feedback or glaring concerns with the idea here that I may have overlooked, thanks and good luck to all
BEP looking extremely bearish.Wouldn't be surprised to see this one take a big run downward here, perhaps not for long though. This is another pretty easy to trade dividend stock with a spectacular balance sheet. Predictably bounces at the key levels. If you can get it anywhere near $27 it won't let you down medium term, although renewables are out of favor and the chart looks quite bearish so be careful short term. Last years sell-off was ugly