Haha yeah hopefully. What makes you say it is open season?...

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    Haha yeah hopefully. What makes you say it is open season?
    Congrats on the cheap buy! A lucky one too because the share price was only at 3.7c for a very short time and it was the low for today.

    The reason why I said a bit of room is because of the TA indicators like RSI on this stock.
    At the moment the RSI on the daily chart has become stable and looks like BYR is set for another run. That is why I bought in today when the price was 4.2c, probably should have waited till the end of the day.

    BYR - Daily w RSI.png

    When the RSI was sitting just under the overbought line the past two times the following occurred;
    -> RSI was 61.78 on 8-Jan when share price was 2c and then the share price increased to a high of 3.5c on 14-Jan (with an RSI of 89).
    RSI then reduced with a share price retrace to 2.6c the following day on the 15-Jan.
    -> RSI was 67.26 on 15-Jan when the share price was 2.6c and the share price increased to a high of 5c on the 22-Jan (with an RSI of 87.8)
    RSI then reduced with a share price retrace over the last two trading days to a close of 4.

    The RSI is sitting at 69.4 at the moment and that is why I think we may see another run, based on past performance.

    However the RSI on the weekly chart shows that this stock is overbought, so I'm a bit apprehensive. The current weekly RSI is 77.6 and the high for RSIs previously were in the 80s so that's why I think there is a bit of room still for share price increases.
    Last edited by Ibza: 23/01/15
 
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