$JSEBWN - Balwin Properties: Short-Term Bullish
Since reaching a peak of R5,34 in January 2021, BWN has has been in a correction.
The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards.
Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it.
The MACD has recently broken and held above the zero line, further adding to my bullish sentiment.
enter @ market
stop-loss @ R2,36
Take-profit @ R5,34
The correction started to lose downside momentum from July 2021 as the MACD started turning up even though price continued to trend downwards.
Price action was also contained in a falling wedge, which is a bullish continuation pattern, and has subsequently broken out of it.
The MACD has recently broken and held above the zero line, further adding to my bullish sentiment.
enter @ market
stop-loss @ R2,36
Take-profit @ R5,34
