Potential Monthly 22 Continuation Up & Quarterly 1-2-2U
Although this is a quarterly play, I placed it in the monthly section because it may give the gains quickly. Meaning this ticker may move very quick, so it's best to put eyes on it now.
This ticker also been getting lot of Dark Pool activity on it!
Price Targets & Ideal Buy zones
- Break over $17.82 will send this to the monthly trigger easily $18.44
- Monthly trigger targets $19.92
- $19.92 is the area you really want to watch because a break over that level will target the yearly trigger $24.85
- I believe we may have missed the ideal buy zone, so we have to play the triggers
Invalidation if play breaks last months lows
What if price goes straight to target with no retest?
- Use actionable signal above Monthly high to play to target.
- Once at price target, look for a weekly bearish pattern because that will ensure its downside retest of that level we didn't test
- In this case, we did test the level. So watch for break out and don't hesitate, add you stops and watch the magic.
MID MONTH UPDATE
Price Target Hit for BEKE, so now just watch that 19.92 area. That is the area for expansion or rejection.