Some traders also use a 2 or 3 multiple ATR line for entries. For BPT, the most recent 3ATR price crossover occurred at $1.47 on Jan 9th. Since reaching a high of $2.26 last year on Sept 28, Jan 9, 2019 is the first time that the 3ATR line has been broken to the upside. Keep in mind that this is a very aggressive swing trading entry. At the opposite end of the trader spectrum, some conservative traders won't buy until BPT prints a new 6-month or 12-month high, e.g. trading above circa $2.26.
Personally, I don't like buying anything when it is trading below the 150-day EMA. There is considerable risk of buying into a counter-trend zone within the context of a stage 4 downtrend. This is where shorters like to target. One example is short-term strength zones when KDR was in stage 4 from $2.48 high, dead cat bounce up to $1.60, before being smashed down to a $0.965 low.
Ideally I like to scan for stocks trading sideways or slightly up with price above 10/26-week EMA. Like KDR started to do back in June, 2017. Very similar for BPT starting back in Sept, 2017.
Do you trade (or paper trade) the XAO? I use a 1-hour chart with 9 and 21 period lines to track the trend. It is currently up with XAO > 9 > 21. It helps to know if the broader trend is up before loading up with too many stocks.
- Forums
- ASX - By Stock
- BPT
- Reversing off the bottom
Reversing off the bottom, page-295
-
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BPT (ASX) to my watchlist
|
|||||
Last
$1.52 |
Change
0.030(2.01%) |
Mkt cap ! $3.467B |
Open | High | Low | Value | Volume |
$1.51 | $1.53 | $1.50 | $7.728M | 5.090M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23869 | $1.52 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.53 | 451692 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23869 | 1.520 |
7 | 87045 | 1.515 |
3 | 121869 | 1.510 |
4 | 118216 | 1.505 |
6 | 80972 | 1.500 |
Price($) | Vol. | No. |
---|---|---|
1.525 | 377811 | 1 |
1.530 | 141488 | 6 |
1.535 | 82854 | 4 |
1.540 | 28707 | 5 |
1.545 | 21964 | 3 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
Featured News
BPT (ASX) Chart |