BPT is in a long-term rising price channel (shaded yellow on chart) and a (green) falling flag pattern that it broke up out of this week to give a target of $2.30 to $2.40  The March low was probably a price cycle low and with prices rising off that low (probably into Elliott Wave 3) this seems to have all the hallmarks of a good pattern trade.

BPT 13Nov20

Contact

Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au

Sorry, this website uses features that your browser doesn’t support. Upgrade to a newer version of Firefox, Chrome, Safari, or Edge and you’ll be all set.