BDR beadell resources limited

new high for the year, page-36

  1. 7,794 Posts.
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    Its all relative isn't it rattrap, I was comparing yesterdays volume to the two big days before it (14th and 17th Sep) This is when price broke out of its range and volume increased sharply, also 14th Sep vol was 15.7m, 17th Sep vol was 11.9m. So yesterdays volume of 6m is definitely a decrease when compared to the most recent price action.

    But yes you are right with volume over the last 4 days being well above average.

    The monthly chart is sitting right near its all time high of 99.5c, so the real break out hasn't actually occurred yet. The macd on the monthly chart is about to cross so that would be bullish for the next few months. Infact this whole pattern over the last 12 months looks like a big bull flag pattern.

    cheers
 
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