Bullish potential detected for BOT

Following a few stocks in the ASX of particular interest, BOT represents a potential bullish opportunity should momentum continue and higher highs and higher lows be made past the current position. I'll cover this more in the upcoming weekly video, however as can be seen in the chart, the stock price is currently testing prior resistance (now support) of $0.14 and thus far intraday is also achieving good support from the $0.14/$0.145 level, aligning with technical indicators of RSI and DMI. Personal stop loss for the trade would be the low of the recent gap-down on 26-Sep (i.e.: below the low of $0.115).

Trade ativo:

Further update provided in the latest weekly video update

Comentário:

Suggested in the latest video update for week ended 20-Oct to close out position in order to preserve capital if not wishing to stick to initial stop loss set on trade (since share price now firmly beneath 10 and 30 day MA's and below resistance levels; remove from watchlist).