BCPT due for relief rally after 12 straight red daily candles?
looking for $BCPT 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)