Heres a chart that shows the current trading band that BMn is moving upwards within. As you can see it has also today formed an symetrical triangle pattern this means the market is undecided and the stock could move either way. A break of this triangle to the upside or downside would probably be quite decisive. We have the potential for a downside fall to around the 94c mark and an upside break towards 1.40. The most common stop loss level for most traders would have been the 1.04 mark this has provided support and resistance in the past and today was broken by a close below it thus triggering I would say quite a few stop losses around the place, precipitating possibly further sell downs tommorrow. Great for anyone wanting to aquire a lot of stock cheap!!
BMN Price at posting:
$1.04 Sentiment: Hold Disclosure: Held
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