Babcock intl

This one is closer to buy at 282 or would it go down to 259 for gap fill?

Not sure how I missed this ...
It hit lows of 200s, all in the channel... nice tramline...
I think now its heading back up to 400 then to 600s ....
there is clear divergence on RSI and momentum.

Already up 50% from lows of 200 to 310 now...

charts attached...

ta
G

Hey Folks!

(yep, it has been ages, where and how is everyone?)

Babcock looks a bit risky right now... I'd lose my shirt trading the past few sessions!

I was unable to exploit the last swing low and have now closed out the remainder of my long at b/e. Wider market 'brown alert' meant it was better for me to concentrate elsewhere

I sold half at 538 at a profit and am looking to re-enter with my original entry (that would give me 1.5 times the original in total). I'm hoping to trade the confusion and gradually accumulate a larger position. Dropping below 515 or so today, brings into play the possibility of a fall to around 491 (small gap on the daily chart; data from IT finance) or 485 (gap on 2h chart). I'm hoping for the 485 gap as that is closer to stops below 481

I’m currently long on this from 520 due to a possible 123 low formation...my stops are below the 2 point below 500...