BKT Chart, page-6

Hi all,

Just thought I'd chuck down some of my thoughts the way I see things at the moment. One of the first things that attracted me to BKT in the first place aside from the pure fundamentals was the way it was trending upwards in that channel over a sustained period. It's not looking so good anymore and the trend has been broken. The gap down after the cap raise was annoying but more concerning was the breaking of the 200 day MA. It looks like it's found a bottom around the 20 cent mark but I'll probably be watching carefully to see if goes any lower and breaks that support.

The volume on the way down was decreasing, the MACD looks to be turning upwards and the RSI is at 35 which is fairly low so hopefully we see some improvement over the next day or two and then carried on next week. I'd really like to see it back in the channel to reestablish that trend as I'm hoping this a blip that's forced it outside on account of the cap raise and extra supply.



I recently watched the Crux Investor interview and loved what was on the horizon for BKT so hoping the technicals line up with the upcoming news.

All the best out there.