BSX 1.82% 5.6¢ blackstone minerals limited

Consolidating fairly nicely at the moment. Break out failed back...

  1. 262 Posts.
    lightbulb Created with Sketch. 49
    Consolidating fairly nicely at the moment. Break out failed back on the 14th but looks like it is starting to prime for a move upon news being released. A stock like this tends to fall slowly for a while followed by sharp moves upwards which are hard to time but look pretty inevitable. Chart is shaping up pretty well, its not the cleanest setup but there is a bit of a bull flag and somewhat of an inverse head and shoulders forming. Its obviously a guessing game but im expecting that a close around 62c will see us fill the gap to ~67c pretty quickly before making new highs above 75c.
    Dont have a crystal ball just sharing my thoughts.

    https://hotcopper.com.au/data/attachments/3916/3916489-721ce10ccc449d95a468cbb96e5605d3.jpg
    https://hotcopper.com.au/data/attachments/3916/3916490-53ee97c334f03671396b30de1ab82e3c.jpg


 
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