Technical analysis by without_worries about Symbol BSW: Buy recommendation (4/6/2024)

On the above 3 day chart price action has corrected 95% since early 2022. A number of reasons now exist to consider a long position, including:1) Price action resistance breakout.2) Trend reversal.3) Support and resistance. Price action confirms support on past resistance.4) There is no chart pattern or otherwise to estimate a target area so don’t ask! However that said the monthly chart points to significant resistance around the 35 cent area, 200% above.Is it possible price action corrects further? Sure.Is it probable? No.WwType: tradeRisk: <=6%Timeframe for long: NowReturn: 200%On strong historical support.Past resistance confirms support just as in October 2023. Candle looks big now, yet tiny in the afterwards, look left.Do you know what pattern this is?Broken market structure.resistance breakout