BMN 5.50% $2.30 bannerman energy ltd

looks good on the charts, page-26

  1. 12,454 Posts.
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    AJ

    You are right in that I too think this run is going to be the real deal. But ... it needs to stay INSIDE the upper Bollinger. A steady rise each day will see it do that & still constitute a breakout. A good rise tomorrow will see the top Bollinger rise steeply & will help keep it inside.

    I watched EXT very carefully over the last month or so, and without exception - EVERY time it went above the upper Bollinger it stalled, traded down or sideways for a few days, came back inside, & then ran again.

    This Happened on Dec 11, Dec 23, Jan 6, Jan 30, Feb 5, Feb 19, and again on Friday. What a fabulous run.

    With BMN, 70 cents was the hardest challenge. I think the next levels are going to be a lot easier, it just blew through 80 like a knife through butter, although I reckon it will retest 80 before it goes higher, albeit maybe just briefly ... $1 is not far off.

    cheers



 
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