The 'shorters' have been chipping away at the BIN share price for some time ..........10.36% or 67,706,605 as at 07/10/19.
The CLOSE today @ $2.16c. was subtle.....but not insignificant.......a SIMULTANEOUS close below 2 very relevant TREND lines and the HORIZONTAL SUPPORT line......ALL @ $2.17c. .......and let's not forget the 200 day ema....which today IS @ $2.18c.
The BIN full of money (left) set aside for the buy back, when taken into context, ain't a lot to counter a concerted 'short assault'.
Just my take.
Cheers.
BIN Price at posting:
$2.16 Sentiment: None Disclosure: Held
