BFBIO - PSX - 1h -Buy Call- AB=CD Pattern

2024年11月25日

BFBIO is newly listed stock in PSX. Its fundamentals suggest that it can be a good stock. Moreover, its IPO value was 78. Subsequent to IPO continuous price rise is a very good sign for quick gains.
On 1h TF, RSI and Klinger also suggest a likely bull rally.
AB=CD pattern has been drawn to arrive to TP.

Trade Values
BUY: 145.50
TP: 198
SL: 134

2024年12月2日

交易結束：目標達成

TP reached. Now price is upper capped at 198.23 . All those following this trade may load off a bit and book profit now or tomorrow at 205~210 . I then expect a dip of Rs 20 which will give a buying opportunity at discounted rates.
All those who want to hold it for longer term should avoid selling. This stock is going to cross Rs 300 by end Mar 2025. It is going to yield around 5X in a year.