BAP is building and set for a new leg higher

Potential Buy Alert

BAP – Bapcor Limited

Stock : BAP – Bapcor Limited

Current Price : 5.50

Status : On watch for push out of contraction

BAP has been in long term contraction lower for the best part of a year. Price is showing some good signs of holding up around support at 5.00 with a higher low built at 5.20 on the daily charts. We are now watching for price to kick up out of contraction and then its all about a higher low and the buy entry setup.