BGRIM had brake-out from the previous upper trend line at 40.00 the last September. From then, it had been running along with a 45-degree upper trend line. Breaking such a line of high degree need more volume. Thus, I am bearish about this stock.
If Short
Short when it breaks down the trend line and cover at MV. AVG 50.
If it has more volume and the old trend line becomes a bottom resistant.
Long at the next Green Candle.
If Short
Short when it breaks down the trend line and cover at MV. AVG 50.
If it has more volume and the old trend line becomes a bottom resistant.
Long at the next Green Candle.
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