STOCKWATCH $BWwith the moving average starting to level out for 50 days and the volume weighted price also beginning to level out price will begin to magnetise as price rises volume will increase a swing Trade is on the cards
BULLISH
Babcock & Wilcox Enterprises, Inc | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Babcock & Wilcox Enterprises, Inc
- Double Formation
* Cup & Handle | Entry Area | Survey Settings | Subdivision 1
* 3.40 USD | Flag Structure | Pivot Point
- Triple Formation
* Top
Perfect setupPerfect setup, we have RSI at sub 30. We have the stochastic at the bottom and also the 0.618fib support. We have trendline support and decending wedge that wants to explode to the upside like a spring. We should see 1.67 soon and this is the forst target
Clear as DayThis pattern is clear as day, only a fool will not bet on this. We still have risk but the odds are in our favour. Lets make the 200% gains
Explosive mooves comingWe are gonna see a explosion to the upside soon. We will climb back to 4.2$ and squeeze all the shorts. It is about 3 months to the big payday. Oversold stock about to skyrocket
$BW ~ Interesting after correction...Beautiful EW structure and now that a five wave structure on the upside, we should have the direction of the trend. Will need to wait for correction to complete then maybe a interesting opportunity in the industrial sector.
BW big base - big potential opportunity1. Nice rally on EPS report;
2. RS-line showed strength, meaning that the stock is Relative Strong and started to move before market bottomed.
3. Nice tight bull-flag. Still within bigger base but first constructive price action since basing started a year ago.
BW: Not entering this trade
Entry- $7.35-$7.50
S.L- $6.62
T.p- $9.33-$9.67
Going long on Weekly Chart
It is not trading advice , do your own Research
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