Chart UpdateA few days ago I offered opinion for consideration based on a number of BIR charts I keep over various time frames etc. and so far I happy to suggest they appear right on track.
In particular three I refer to regularly a 6 month 2 hour, plus 3 and 5 year weekly's with historical trend lines are suggesting the following to me for now:
6 month is starting to get a little toppy but I have threshold bars established whereby the travel above and below the 200 day moving average is recorded and that sees roughly an .80 move. On the current run they suggest a target top of roughly the 2.80 mark +/- , before petering out and although I prefer to see stronger volume beaking thru the 2.48 resistance established back from April 2020 a steady accumulation from here may indeed support a finish to the 2.90 area before I will assume retesting the 2.45 to 2.60 support established.
Farther out on the 3 and 5 year, although there is is time left for continued rise, BIR is currently testing the long term resistance established back from Jan 2016 (yes really lol) at the 2.60 mark so I suspect that may take some patience until right around the time the earnings report comes out (go figure).
All good for now patience still key and I reserve farther out comment until we see if this suggestion comes to fruition so I don't have to have my opinions surgically removed, from either end lol.
GLTA, cheers.