BRU 3.66% 7.9¢ buru energy limited

chart needs to bounce here !, page-129

  1. 46,599 Posts.
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    The KEY duster this week through a spanner in the works with BRU making a fresh low at $2.10 - any way close enough to a double bottom and a timely announcement at Yuleroo to right the ship.

    I know we are not supposed to let fundamentals get in the road of the techs as I am a firm believer in the news is in the price- But BRU holders dodged a bullet this week.

    BRU could easily have tested $2.00 without todays news- as it turns out it created a monumental short burn- Technically we have closed above the 195ema and as long as the shorters dont reset BRU should now have seen the bottom and begin the journey back towards old highs.

    Obviously now would not be a good time fro the general markets to have a correction- We dont want the baby to be thrown out with bathwater now the hard yards have been done

    hOOt
 
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