BUXL LONG TRADE 02-06-2025

BUXL long trade WEEKLY TF
- BUXL was in a slight uptrend since its inception in PSX, making a high of 160. It then went into a downtrend, making a low of 25.
- The stock saw an extreme upward spike from July 2021, marking a high of 485. This was followed by a sharp downward correction and an accumulation zone from December 2022 to July 2024.
- After the accumulation, the stock went into an uptrend, forming a trading range between 140-220. It then entered a corrective downward move but recently showed strong signs of reversal upwards.
- The stock has taken support from a bullish trend line (blue dotted line) and formed a bullish IFDZ, bullish fair value gap, and marked a higher low.
- Volume gradient predicts an impending or continuing upward move.

🚨 TECHNICAL BUY CALL – BUXL🚨

- BUY1: 167 (current level)
- BUY2: 145
- BUY3: 126


- TP1: 187
- TP2: 220
- Long-term TP1: 250
- Long-term TP2: 285

- Stop loss: below 80
- Reward-to-risk ratio: 3.4

Caution: Close at least 50% position size at TP1 and then trail SL to avoid losing incurred profits in case of unforeseen market conditions.
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