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BEGA CHEESE LIMITEDBEGA CHEESE LIMITEDBEGA CHEESE LIMITED

BEGA CHEESE LIMITED

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BGA trade ideas

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
BGA - Attractive Long Trade SetupThis is a weekly timeframe trade setup - Looking for an entry signal at around 5.50 (in the form of a bullish candlestick pattern) as this is likely to be a strong support level, I will look to take profit on half my position at around 6.50 and then hold the rest of my position to see if it breaks even higher as this is a longer term trade setup. Stop loss is 1 ATR below the support level to allow for market volatility, if there is a weekly close below the S/L level I would be out of the trade.
ASX:BGALong
by Ravi2409
Can BGA keep this momentum? #LongRecently broke through resistance, if it can break through this second short term resistance than it looks like it may gap up. There is also a hammer candle on support on the weekly and monthly which indicates seller exhaustion. Buy Price: $4.15 - Enough above the resistance to ensure that you aren't brought into the trade if its a fake out Stop Loss: $4.01 Considering it has had a 14% run up since the 10th of December, it may not break. Although, this is why you put the buy order above the resistance, if it doesn't break then no harm done. R Multiplier is a 1.79 which means a 38% win rate is needed to be profitable.
ASX:BGALong
by BeerCanCapital