BEP Swing Trade Entry/ Profit/Stop Loss zones

13 de dez. de 2020

This is a long stock purchase idea for a quick profit on BEP, this is a company that I have some shares in at a good price, and I'm looking to add more at pullbacks. This interested me because the setup has the potential to purchase a lot and sell half for a quick profit and leave the others to run with my other long term shares.

In this setup I am utilizing 4 moving averages, the two thinner lines are EMA 21/50 and the 2 thicker lines are SMA 100/200 (those also change color from red to green depending on if they are trending positive or negative)

The lower panel indicators are the OBV (purple) and CMF (green)

This shows that the money flowing into the company (CMF) has potentially come to a bottom in the short term; after our ATH
yet the OBV shows us that the number of shares being held overall has only increased since the highs in March / April

The Moving Averages are showing strong support from the SMA pair but the EMA pair show signs of a pullback, showing the longer-term trend (black support/resistance channel) has not yet been broken.

The two thin black dotted lines show support and resistance zones from the ATH and what I consider to be a legitimate midterm support level

Once again this is a sketch for my own personal usage and risk tolerances/objectives and is in no way financial advice

Please give me any feedback or glaring concerns with the idea here that I may have overlooked, thanks and good luck to all