BML 0.00% 12.0¢ boab metals limited

18th on confirmation. In for a short technical culmination setup...

  1. 2,113 Posts.
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    18th on confirmation.

    In for a short technical culmination setup to 22-23 around major resistance with a very close stop. Rule #4 Take the setup without hesitation. Rules #1,2,3 Manage risk. Price action, price action, price action. What a great mantra.

    • Old top late Oct.
    • Didn't break the pull back bottom of 27th Nov.
    • Double daily bottom 16th and 17th Jan.
    • Back-test the minor downward trend line on the 16-17th jan.
    • Low bearish volume. Lets see if we get some volume on no pump news.

    Hopefully the arrow colors are ok? For the obvious conclusion that some may draw, its a technical setup - not a fundamental setup. Don't go Salem.

    Its still highly speculative, so a tactical optic is required.

    https://hotcopper.com.au/data/attachments/5901/5901250-526570d4aab867434fe19a0d86521ad7.jpg
    Last edited by JoeSalami: 22/01/24
 
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