Will we see the price get close to the 65 cent capper?
He has done a magnificent job of holding down the price the last 3 or 4 trading days ... how long befor he is tested?
We also have some interestin wedge/triangle patterns with BMN ... there are signs of a "rising wedge" formation startin in early Nov, which can be bearish - BMN has come out of that and trended sideways ... but, in so doing I see an "ascending triangle" forming from Nov 24, with equal highs and higher lows. A break out above the 65 mark will see this go to 80 cents to complete the pattern. A break downwards will signal a sell to technical traders
Today is very important IMO ... that damned capper!!
BMN Price at posting:
62.0¢ Sentiment: LT Buy Disclosure: Held
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