A very strong day today, not because we finished in green. From a trading/chart perspective, a touch of 14 and reversing so strongly would be looking good on charts. Also from a sentiment perspective, it has sent a strong signal today. . After yesterday's drop and how it opened it today, many were calling the bluff. Even if they are not convinced now, I am sure there must be some doubts thrown into their theories. . A finish around 18.5 would have been good, but the way we started the day, I think we still did very well. Yesterday I had written I had wished 16.5 to finish, but we finished at 16c pushed in auction. In charts it would have looked like support is broken - may be that was the reason for open day. Of course, I have read some conspiracy theories as well. . I picked up some at 15.5c today - the way it was opening, I had bids at 13c - in case - so missed the good bottom. Also picked some oppies in 7s and 8s. . From a numbers perspective, next finish we should be looking for is 18.5 or above. Secondly, to make a new high over 22.5c. If we have both, it will be very bullish. Lets hope it turns out that way. All the best.
BAS Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
