BB (Hourly) Could Resume Upward Momentum
BB has made over a 50% retracement from its 1/27 high of 28.74.
The hourly MACD is now positive.
The hourly stochastic is overbought but that can happen at trend changes when old resistance levels become support.
On a fundamental basis the annual YOY revenue growth is now 15%, after being a negative 30% as recent as 2018.
I would put a stop below the most recent support at 10.95.
Price target for this trade is 17.95.
The hourly MACD is now positive.
The hourly stochastic is overbought but that can happen at trend changes when old resistance levels become support.
On a fundamental basis the annual YOY revenue growth is now 15%, after being a negative 30% as recent as 2018.
I would put a stop below the most recent support at 10.95.
Price target for this trade is 17.95.
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