BOB has been favorite to many of us in recent times.Stock has been forming a Bullish Wolfe Wave.Now stock seems to be in Sweet zone for buying to see targets of 771. Positional traders can buy the stock at current market price. with SL being below the Blue line show in chart.
Blue lines is a parallel channel in which stock was moving for almost 6 months.
Red lines shown are the formation of Bullish Wolfe Wave. As Numbers shown in chart, now it is in sweet zone making point 5. Stock will move towards point 6 sooner. watch the volumes being added.