BIT 3.70% 2.6¢ biotron limited

Hi @slick, agree with you there only thing I'll add is the...

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    Hi @slick, agree with you there only thing I'll add is the spikes happening in EYE / NEU are quite recent, the sideway moves have only been around 2 months (since December); BIT on the other hand has been ranging since early October.

    Ultimately, these are all bull flag patterns generally with a 65-70% success rate as a trade.

    In my experience, the longer the consolidation, the more explosive the spike is, pretty much evident on the same chart (blue zone) - 11 months of accumulation (Oct 2022 - Sep 2023) produced a massive spike from 3c to 12c.

    Also worth mentioning, we now have 2 "morning star like" patterns (orange arrows) the past 2 times it approaches the bottom trend line, I see that as bullish.

    https://hotcopper.com.au/data/attachments/5932/5932794-c7720c7b088864f75cd359452acbffcc.jpg
 
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