This is REALLY interesting and exciting.... Looking back throughout the history of BSL and its charts (2002-19), using only the gann swing formula for weekly charts, you can get a winning trade ratio of 14 wins and 7 loses. Then to increase your win loss ratio you can use this method combined with a retracement price analysis after the gann entry signal has been activated. If it retraced less then 50%, then you could safely assume it would rise 100% of its previous trend as stated by ganns rules, in which case, that would be your new entry point and improved the win loss ratio and amount of profit. totalled 8 wins vs 3 loses and Avg profit was 30%, avg form of resistance to the price extensions was 161.8% to 250%. In short, I like the look of this right now and if it breaks above the 14.71 come tomorrow (which i think it will) or trading sideways then breaking above 14.71 without breaking below that 13.39, then it should continue strongly up and be a strong buy. I'm no way sold on steel at all, but this company EPS is due to increase drastically by 50% come 2021, this will only help support the share price. i will wait to see what happens tomorrow before i buy.
all IMO. DYOR.
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This is REALLY interesting and exciting.... Looking back...
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Last
$21.94 |
Change
0.340(1.57%) |
Mkt cap ! $9.477B |
Open | High | Low | Value | Volume |
$21.95 | $21.96 | $21.81 | $380.4K | 17.35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 435 | $21.93 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.95 | 462 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 817 | 21.500 |
1 | 1000 | 21.490 |
1 | 1000 | 21.470 |
1 | 466 | 21.450 |
3 | 2686 | 21.400 |
Price($) | Vol. | No. |
---|---|---|
22.050 | 350 | 1 |
22.200 | 135 | 1 |
22.300 | 500 | 1 |
22.390 | 912 | 1 |
22.400 | 1960 | 2 |
Last trade - 10.11am 21/10/2024 (20 minute delay) ? |
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