BRU 2.94% 6.6¢ buru energy limited

hi y all i actually brought up the idea that bru was looking as...

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    hi  y all

    i actually brought up the idea that bru was looking as though its fall from grace had possibly bottomed out  but it would be wise to wait until the 21 ma crosses the 200 ma   and also to wait until the gradient of the 200 ma starts to head up. This will  then give a positive longer term view rather than just a bit up  then a continued downslide.

    the chart below shows the  21 is yet to cross and the 200 ma is still heading down but the sp the 21 and the 200 ma are showing signs of bottoming.  I  definitely wouldnt be shorting this or going long just yet until more signs of direction evetuate.As mentioned be patient ...good things come to those who wait.

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