Today we are looking at applying a Bull Call on BXB Group Ltd
BXB is currently trading at $12.11.
BXB has been trading in an ascending channel since its lows in late March. Recently it returned to the uptrend line and bounced. There are strong bullish entry signals, and technical indicators have also turned bullish.
To trade this, we could look at a Bull Call spread, which not only profits from a rally back towards the resistance at roughly $12.40, but also from sidewards movement. So if BXB has a quick rally we can close for a profit, but if it tracks sideward, retest the trend, and/or drifts higher, we benefit for each day we are in the trade.
If you would like to learn how and when to use this strategy, and other strategies like it, then please contact us here at TradersCircle on 03 8080 5788. Alternately, you can access some free resources off our website which runs through advanced strategies.