With all the doom and gloom in the world over the last few days I thought I'd look for something positive, however small.
It's worth noting that the apparent ascending triangle pattern that I thought was forming in BRM's share price (as mentioned in my post of 1 June) is still valid. In fact, if BRM's price has a low tomorrow of $3.06 or $3.07, that will add another touch to the rising support line of that triangle and add strength to the scenario I mentioned in that earlier post.
Call me a 'glass half full' sort of bloke, but I still think that this scenario could play out and we could still see a rise of around 50 - 60 cents fairly quickly once the upwards breakout occurs. While I can not be sure this will occur (who can be?), it gives me something positive to track and some hope for a further recovery in price.
Regards,
Bones
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