BAND has been trading in a horizontal channel for more than two weeks now. The current bullish move found a strong resistance around the 14.50 area. Assuming the move will continue in the near future, wait for the price to close above the entry line to trade this break-out.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
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