BDO on track with its target?

BDO is currently moving above the 61.8% Fibonacci Retracement level or 86.47 per share. The movement of BDO is so far on track with its possible target of 127.2% Fibonacci Retracement level. We set this line when we saw BDO corrects last time that brought the price to 66.20 per share. Current setup of Ichimoku elements is telling us that BDO is in a bullish mood but one should take extra care. There will be headwinds along the way like the possible attraction of price to the flat Kumo or RSI that might climb higher. In case there will be corrections, I think it is a opportunity to buy.

Caveat!

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felix

A computer engineer by profession and loves to develop online systems/websites. A self-taught stock trader who loves to share his knowledge and enjoys learning, expanding knowledge and staying well-informed. Most often he uses candlesticks, Fibonacci Retracement levels, Ichimoku system on his technical analysis but loves to hear some rumors as well.

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