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Chess, you have commented before about “loose and sloppy” charts and trade setups and how you want tight formations to really play for a high probability swing trade or else it would seem the bears are really in control. Wouldn’t BKE qualify as ‘loose and sloppy’ ? Especially recently, the chart is all over the place. Or do those violent gaps and volatility not matter in the bigger picture you are looking at?
Not really. It’s holding above all moving averages and the price action has tightened up relative to the prior months in forming the “handle.” The gaps are expected in a low floater with not very liquid volume.
Thanks.