Birchcliff Energy Ltd.
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In-depth trading ideas
Stocks Under $30: BIREF Swing Trade Opportunity (Long)1. Price has made a bullish indication when it broke above $4.83.
2. Price Corrected back into the range.
3. BSO is set for the potential continuation to the previous high.
If all goes to plan I will likely shave 70% of my position at $5.71.
Note: If I get signs of an uptrend on the 4H & 1H Time Frames I may get in earlier.
Short term trend reversal (BIR:TSX)Based on an annual stock chart it seems that $1.68-$1.69 prices are strong supports since August 26, 2019.
Bollinger bands, MACD and RSI indicate a possible trend reversal.
Even if annual trend bearish It seems that is a good time to buy with a short term investment strategy (1-3 months).
BIR.TO Near Cup and Handle BreakoutGenerally trade stocks in strong trends, but the turnarounds can be good as well. Strong price action starting in March, with a cup and handle type formation. Provides for a decent reward: risk with a stop loss near $4.60/50.
Price needs to break and hold above $5 to signal another advance.
Disclosure: long.










