STTCOMP BPF,TA Long
Bulletproof Ltd
SP: 40c
MC: $75.6 Million
Since January 12th, buyers have been relentlessly absorbing supply as evidenced by the number of times since that date, where the SP has been knocked by the Sellers. There is only so many times that the resistance zone around 50c can hold if buyers keep pushing. A strong finish to the trading today ie a close 48-50c would provide a platform for further sp gains. Chart also showing an upward ascending triangle which have a reasonably high probablity of resulting in sp gains.
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Short Term trading week starting 25th Jan, page-191
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