BMN 2.38% $4.31 bannerman energy ltd

Today was a good finish considering U markets last night in the...

  1. 2,042 Posts.
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    Today was a good finish considering U markets last night in the US, and comparing to other big hitters like BOE (-2%), PDN (-4%), DYL (-4%)
    Looking at the daily this week has been good volume. I was thinking maybe there is some distribution going on but today's action showed good demand as it opened near the low of the day and finished near the high. Was a little worried today could turn into a 'pivot point reversal' but technically the close above yesterday's low circumvented that ... famous last words as it could also be a potential double top from the high in Feb

    https://hotcopper.com.au/data/attachments/6082/6082272-17a3bc2fdfa4fe320f6f7e03cc3b2c4a.jpg
    Looking at the weekly I was a little concerned with a rising SP and falling volume but this weeks candle and volume showed confidence, especially finishing near the high of the week. Again though a potential double top can be seen and could negate the positives

    https://hotcopper.com.au/data/attachments/6082/6082334-1efb0481447c5551108887365debde7a.jpg
    With spot U ~$90lb and technically putting in a higher low any breakout would work wonders for most U companies, including BMN.
    Only immediate concern is the potential double top, however if the SP can break $4 and back test those concerns fade with $4.35 the next stop
 
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Last
$4.31
Change
0.100(2.38%)
Mkt cap ! $658.7M
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$4.27 $4.35 $4.22 $2.786M 650.3K

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No. Vol. Price($)
1 17984 $4.30
 

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Price($) Vol. No.
$4.32 17315 2
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
Last
$4.30
  Change
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$4.26 $4.34 $4.21 63753
Last updated 15.59pm 03/05/2024 ?
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