BAM Uptrend Retracement
Updated
We see the stock fell in the period of February and March and now it is transiting in to an uptrend pattern. The chart has broken the downtrend line and failed to form a lower low. There was a retest and failure at the price of $35.25 in April and that resistance has been broken in June. We are now seeing a retracement on the chart, with the uptrend line supporting the current price forming a higher low. This could be a buy set up to ride the uptrend.
Trade active
Got in at $32.63.Trade closed manually
Got out at $34.70.
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