BGN is within a 5 waves down period that started in Jan 2018.
Now the stock is in its 4th wave, a reaction which has either an a-b-c aspect or it will present an a-b-c-d-e aspect.
One way or another, the odds are that once this move ends, the last wave down (5) will follow to lea BGN below 20 euros.
Therefore we have here an opportunity for Short.
Now the stock is in its 4th wave, a reaction which has either an a-b-c aspect or it will present an a-b-c-d-e aspect.
One way or another, the odds are that once this move ends, the last wave down (5) will follow to lea BGN below 20 euros.
Therefore we have here an opportunity for Short.