Following a double bottom pattern maybe BCE has finally found a bottom, if the bull move continues we are looking at a target of 43 with a volatility stop around 39.20.
Maybe just wait for the price to keep increasing to make sure this is not in fact a double top, in which case the movement could be bearish. I am siding on bullish though because of the direction of the MACD indicator (going up).
Let me know what you think in the comments, and like to share this idea with more people.
Maybe just wait for the price to keep increasing to make sure this is not in fact a double top, in which case the movement could be bearish. I am siding on bullish though because of the direction of the MACD indicator (going up).
Let me know what you think in the comments, and like to share this idea with more people.