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BGA

Bega - a long cup & handle formation 2 1/2 years to have formed this pattern. looking to breakout to the upside, after a minor pull back to trend support. Easy move here with 5-6% risk. Entry if you've already missed it will be somewhat difficult, either wait for pull back or slowly sizing in or either take the confrimation of handle top. potential 15-50% move depending on your TP targets and term length. ________ *Multiple Bull Divs *2 1/2 Cup formation. *Currently in handle *Strong company growth and earnings beats. *Recent acquisition of Lion group. _______________ - Slow mover - Potential fake out and heavy resistance above 6.40 - Best entry required for good R:R (as of writing its around 2.5/3.5)
ASX:BGALong
by BiggieSmallCAPS