Long | BGCPNASDAQ:BGCP
Possible Scenario: LONG
Evidence: Price Action
This is my idea and could be wrong 100%
BGCP
BGCP, BGC Partners Inc. - Breakout on Ascending TriangleNASDAQ:BGCP
In this analysis we can guess how in the past this asset has had alternating downward and upward trends. In recent days there has been a breakout of a strong level of resistance and can be an interesting entry point on a solid company operating in financial services.
www.bgcpartners.com
finance.yahoo.com
BGCP - DAILY CHART Hi, today we are going to talk about BGC Partners and its current landscape.
BGC Partners is poised to receive increasing attention from the market as relevant events are taking place. The American global financial services company unveiled that is lowering its outlook for the quarter ending in Dec.31, forecasted back in October, justifying lower volumes on the industry. As far as this lowering of the forecasted may hit BGC shares, this adjusts could benefit the company later once they report earnings would be more realistic for them to overcome the expectations.
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NASDAQ will continue up on back of Financials and not TechsSome stocks to watch this week:
AGNC
BGCP
CACC
BOKF
BGCP- Short at the break of Head & shoulder BGCP- Short
Trade Logic: Head & shoulder with Huge decline in money-flow
Entry Price: 8.63
Target Price: 7.03
Stop-Loss:
You can check our detailed analysis on BGCP in the trading room link here-
Trade Suggestion Date: 22/6/2016
Trading Room - Executive summery link: www.youtube.com
Time Span: 7:30”
Trade Open: Waiting for breakdown
