chart update - bat pattern in oversold region

Hi friends,

Here is a chart update of BMN as at last Friday's close to provide a general idea of how the stock is doing technically at present.

There is a chart pattern, commonly called a BAT which is seen, occuring during an oversold location, with the following geometric measurements, for those technically inclined:



Completed Pattern info:
XA = 0.31
AB = 0.17 (0.55% of XA)
BC = 0.135 (0.79% of AB)
CD = 0.215 (1.59% of BC)
AD = 0.215 (0.81% of XA)
DE = 0.03 (0.14% of CD)

The completion of this BAT pattern at the price indicated on the chart generally provides grounds for some optimism because such a price pattern is seen to be a potential level for a rebound or retracement upwards soon as it is now oversold as can be seen from the chart. Imho, as long as there is no pattern failure ( price patterns are NOT guaranteed, they do fail ),it will not be amiss to watch for a hook up from the oversold area within the next few sessions....so let's watch.

May the best prices be yours,

dascore