Jun. 3 at 11:58 PM
$BMI Badger Meter stock, nice upside gap breakout, from Stocks to Watch at https://stockconsultant.com/?BMI
Breakout trade
CONFIRMED breakout above 127.68
Target: 139.27, 7.3% Stop: 125.2 Loss: 3.5%
P/L ratio: 2.1 : 1 - Fair
BULLISH
[Positioning] Intermediate trend bullish, Downtrend turned sideways, possible bottom.
[Timing] Strong bullish 3 day candlestick pattern with Good 3 day accumulation.
[Timing] Strong bullish 1 day moneyflow
[Timing] CONFIRMED breakout above 127.68, no resistance in area just above.
BEARISH
[Positioning] 1 Day Price change strong up, may pause
[Positioning] Short term typical rally, rally may start to slow.