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Long Term Trade
Alright, we’ve waited long enough for this long term trade to open.

Monthly Chart

Potential AB=CD Pattern
Bearish trend line break
Reversed from 61.8% Fibonacci Retracement. Projected target at 161.8% (80)

Buy: 43 / Market
Target: 80
Stop: 36
Short Term Trade

Retracement of swing 41.5 – 46

Retracement of 31 – 47.5
Buy: 45 / Market
Target: 48.5 [...]

About a week ago, I called a sell on BPI as per the AB=CD pattern (fig. 1). This stock recovered from a low of 31, pulling back to the 50% retracement at 33.5 then continuing its trend up to a high of 40 which is the 50% retracement (fig. 2) of the down swing from [...]

I’m reiterating the breakout call last Sept. 26. There are a lot of gaps waiting to be closed though (in other words, a lot of sellers waiting to unload their stocks).

Wait.

Buy at: 49
Target Price: 57
Cut Loss: 48

Potential Gain: 16%
Potential Loss: -2%
Reward-to-Risk Ratio: 8