This is setting up very nicely for another move. Accumulation over the last few weeks as soaked up a lot of supply and todays reload of demand and move back up is a great sign of things to come.
Breaking 1.4c and holding I think will see the next leg really kick in.
Catalysts could be further contracts from the Australian manufacturing license which recieved $2 million in ordered in one month, receipt of deposits for the large supply order announced last month which was for $28m over two years with 50% of the purchase order up front, UK Dr Watson sales have also been on the rise and could surprise to the upside.
Top 20 hold 85% and over 1 billion shares are in escrow to May 2025. With over 150m shares traded in the last month the supply is likely drying up and will help support the next move, I think.
Would be great to get some input from a chartist to help provide some guidance on targets, support and resistance levels techincally.
BXN Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
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