Rebound Insight
Our Pivot: 20.75
Our Preference: Buy BYCO above 23.06 and average it out till 21.76 with strict stop loss of 20.75 and profit target at 26.68 with extension towards 28.82.
Alternate Scenario: Downward penetration of 20.75 will call for 18.75.
NOTE: BYCO is getting support from supportive trend line of its bullish trend channel along with its weekly corrections. Daily Stochastic and MAORSI have generated cross overs therefore its ready for a bullish spike on short term bases.
Recommendations:
Buy BYCO above 23.06 and average it out till 20.75 with target at 26.68
Weekly Chart with Supports and Resistances:
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