As the price pattern of BOQ has continued to unfold this month I think the pattern is more of a flag than a pennent suggested below. I'm also being a bit more conservative with my price target which I've reduced to $10.42. Note that my original $11.20 target still stands assuming price achieves $10.40 and moves higher. The problem with sideways patterns is you don't know how long the breakout will be. Profit release is 14 October being also my birthday and the probable delivery of a caravan I intend to escape Covid in! How could I not take a punt and buy - however, I think I'll play it safe and wait for price to break up out of said pattern.

BOQ 29Jul21 

9 July 2021

BOQ has shown good consistent growth since March last year but has been drifitng sideways since hitting overhead resistance at $9.40. That sideways drift has formed a flag pattern which price should eventually break up out of to give a potential target of $11.20 and a 20%+ profit on current price.

BOQ 9Jul21

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Robert Norman

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

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