BCPT due for relief rally after 12 straight red daily candles?
looking for BBCPT to possibly find some support in current areas and attempt some sort of relief rally. It has closed red for the last 12 daily candles; and finds itself back near prior support range. If we apply a fib line to its 1002 to its 2187 high; we can also see that it currently finds itself in the general area of its .236 line (75% retrace).
an ideal entry would be around 1250
s/l < 1140 (-9%)
T1: 1450 (+16%) (99ma and fib level)
T2: 1585 (+27%) (50ema and fib level)
T3: 1700 (+36%) (conservative target on prior lower end of range and fib level)
T4: 1885 (+51%) (conservative target on prior higher end of range and fib level)
an ideal entry would be around 1250
s/l < 1140 (-9%)
T1: 1450 (+16%) (99ma and fib level)
T2: 1585 (+27%) (50ema and fib level)
T3: 1700 (+36%) (conservative target on prior lower end of range and fib level)
T4: 1885 (+51%) (conservative target on prior higher end of range and fib level)
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