BMN 5.50% $2.30 bannerman energy ltd

bmn or dyl?, page-26

  1. 12,454 Posts.
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    Hamsam

    Today didnt surprise too much.

    Always expect it to come back into the bollingers
    Definite profit-takings - you cant blame them
    A breakout share always re-tests the previous resistance level - this is VITAL to turn it into support & confirm that to the market.

    This is not the same BMN that tried on two previous attempts to go through the 1.30 mark

    Lets do this right, test & confirm $1.30 as support & then move on.

    It wouldnt surprise to see it try go fill that gap either. But just like PDN did when busrting through $5 & looking like it was off to $6 - but it dropped back through to $4.90, and then back through & zoomed away.

    I Liked Nightstalker's post. Holders should NOT be concerned at all!!! The breakout has occurred & retesting & confirming it is normal & healthy!

 
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