"BEM sentiment among investors has been weak, resulting in a bearish sloping 200-day moving average. More recently, the stock has fallen dramatically enough to register in the oversold region of the Stochastic Oscillator. This is positive in that it means the recent momentum is unsustainable and there could be a near-term rally. However, investors should proceed with caution as this stock is still considered to be in a downtrend." COMMSEC
NEWS PLEASE!!
“Once the definitive feasibility study is finished, we will move quickly to secure binding offtake agreements which will in turn enable us to push ahead with project development." TR
Quickly, as in, imminently????
BEM Price at posting:
8.8¢ Sentiment: Buy Disclosure: Held
