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


Robert Norman

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

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