Constructive action. A flush below support, tries twice to rally back above 30c. Third attempt now looks good.. Does it mean the low is in? Not necessarily Could it start pushing higher? Of course What would I expect from here? A push towards the white line 8in the mid 30s followed by the pattern similar to late Nov 2024 to end of year. That would occur in my view if the market is expecting good reporting numbers or indeed if a business update is reported in early July.
If price fails to progress above the 40c towards the end of July then I’d be a bit concerned at that stage.. The only exception would be if the general market has a 10-20% retracement in the next month, the BOT could languish in the 30s or higher 20s for a while longer..
IMO
BOT Price at posting:
31.5¢ Sentiment: Buy Disclosure: Held
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