Bellamy’s in an ASX infant formula and baby food stock that I traded quite successfully in its last swing High move. Price has been in pullback mode for much of this year but is back on my radar as it consolidates within a potential bullish-reversal descending wedge.
BAL daily: Bellamy’s stock retreated from its April 2018 highs and is currently shaping up in a bullish-reversal descending wedge:
BAL daily: any bullish wedge breakout will bring the $17 level into focus as this is previous S/R and near the 61.8% Fib:
BAL daily Cloud: watch for any new move back above the Cloud and for any uptick in trading Volume:
BAL 15 min: there was a decent short-term TC trading signal today that gave a 200% Return on Risk:
Bellamy’s actually finished the week up at this bear trend line so watch for any new make or break from there:
Summary: I will be watching Bellamy’s on the daily chart time frame for any descending wedge breakout, and, any bullish breakout will have me focused on $17 as a target. I’m also stalking Bellamy’s on the shorter-term charts to ride any sustained recovery uptrend moves.
Hello Mary,
I do find your system interesting and appears to work. well done.
I did read that you are after the meat of move and by your results it appears you are achieving this
I do have a query for you, I notice you previously commented that you TC alerts you of trades.
My query is who did you get to program trading view indicator and how do you make it do alerts from you indicator. As I want to apply my system using trading as a platform.
Thanks
Phill
Hi Phil,
I have sent you a reply by e-mail.
Cheers,
Mary