Just turned red this morning after opening up at 35c... now sitting on 33.5c. Day traders from yesterday booking in profits and moving along?
I was looking at the wall of sellers at 35c and figured it would be too hard to get through, but like others have said on here earlier, BLY is trading up significantly in the US and UK markets (something close to 22-28% up there). So there is potential for this one to run.
On the positive side, the volume is lower already this morning compared to yesterday, which is generally a positive sign in an uptrend. A re-test of 32c may be possible, probably not today but maybe later this week. May be a good time to top up?
BLY Price at posting:
$3.40 Sentiment: ST Buy Disclosure: Held
