Thats a difficult one to answer longt, in the purely technical sense. Market depth is still quite week IMO.
The fundamentals are ever changing and many scenarios are possible.
This stock is very volatile. It has run both upwards and downwards in recent times in the absence of any news. It is still priced for failure but still has massive upside potential and total failure potential. Many would advise you to consider BEPPA as a safer entry option.
As fatstocks says and you are aware, DBCT news will be the catalyst for short term price movements. There may be a DBCT sale Ann around the end of June re the tender process, but any sale will not likely proceed until September.
Until then who knows. The forecast SPARCS conversion sell off has not eventuated.
Other factors to keep in mind are the PD Ports sale with the ongoing drama re the Corus steel plant possibly closing, Euro Ports and sale conditions being met pre july and Westnet Rail possibly closing lines.
BBI Price at posting:
8.1¢ Sentiment: Hold Disclosure: Held
