BC8 10.9% 30.5¢ black cat syndicate limited

BC8 TA

  1. 6,108 Posts.
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    Well that was one hell of a slide on the back of the acquisition. Good news is that she's holding on to support. Happy to make a call if the green support line holds and the fundamentals of Paulsen's and Cayote is stablished.

    1. Breakout above the descending tringle should happen around mid Dec 2022 if not earlier. To correspond with the 2/3-1/4 of the descending tringle resolution.
    2. Once broken out this should make a higher high of the mid April 2022 top around 77.5c before BC8 consolidates and retest the upper tringle trend line.
    3. If the upper trend line holds in June 2023 then we are looking at a pretty good inverse H&S pattern to retest the Jul 2020 high.

    https://hotcopper.com.au/data/attachments/4398/4398116-b9916f9d67d57103cd0dd77eee7d39ca.jpg


 
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Last trade - 16.10pm 10/05/2024 (20 minute delay) ?
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