BML weekly chart. I had to move the e wave as we got a slightly lower low in the wedge which lowered the projected target for the wedge from 28c to 26c. The fib targets have also adjusted by half a cent down to 25.5c for the 1.0 extension and 36c if we get a 1.618 extension. Noting that the expectations are for a wave 3 rally, then I would lean towards the 1.618 extension target of 36c.
I have highlighted that the MACD has a bullish cross and the stochastics are curling up in anticipation of triggering a buy signal. This is a weekly chart! The daily chart has already triggered a buy signal. If we get a weekly close of 12c or higher, then that would signal a breakout of the falling wedge with bullish signal alignment of the daily and weekly charts.
Whilst BML has been extremely frustrating over the past 4 years, the stars may finally be aligning for a bullish breakout. It would be nice for BML management to do their bit and release something bullishly newsworthy to get the ball rolling.
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Last
11.0¢ |
Change
0.010(10.0%) |
Mkt cap ! $25.67M |
Open | High | Low | Value | Volume |
10.5¢ | 11.0¢ | 10.5¢ | $9.015K | 83.53K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 1166857 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 194115 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 1086857 | 0.100 |
2 | 87000 | 0.099 |
1 | 5000 | 0.096 |
2 | 62600 | 0.095 |
2 | 55554 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 194115 | 3 |
0.115 | 176159 | 3 |
0.120 | 150570 | 4 |
0.125 | 137020 | 3 |
0.130 | 612991 | 3 |
Last trade - 15.52pm 23/08/2024 (20 minute delay) ? |
BML (ASX) Chart |
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David DeTata, Managing Director
David DeTata
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