Is this the end of the downtrend that started in July 2018? The daily chart of BGS is shown below. The SP has been in a steady down trend channel since July. It has now broken above the upper level of the channel. The WaveTrend momentum oscillator has also now broken out of the oversold area which it entered back on 23/07. The WaveTrend indicator is also heavily oversold and turning up on the weekly chart (not shown). Here’s hoping the SP can now move back up to the level it was back on 23/07, i.e. 41.5c, which was also the level at the Close of the most recent relatively High Volume Anchor Zone.
![]()
All IMO of course. Good luck everyone.
BGS Chart !, page-2002
-
-
- There are more pages in this discussion • 54 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)