Despite the sell-off overheated reactions today I think stock remains strong and marked 1st support at .021AUD (FIB).
From weekly and daily chart perspective I still don't see bearish overhand for BSM.
- within Bollinger Bands
- MA100 still above MA200
Gap down from .023 to .022 works additionally like a magnet to close.
Macro - when global market performances go down further I guess BSM will be affected from. Supports as of today refers to FIB levels.
daily:
weekly:
Chart_TA, page-413
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