Blackberry: Fruit shoot? We look to Buy at 6.18 (stop at 5.57)
We look to Buy at 6.18 (stop at 5.57)
Previous resistance, now becomes support at 6.20. Price action looks to be forming a bottom. There is scope for mild selling at the open but losses should be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 6.20, resulting in improved risk/reward.
Our profit targets will be 7.95 and 8.49
Resistance: 7.96 / 8.50 / 12.00
Support: 6.20 / 5.25 / 5.00
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