Hi guys, just back from my time out in the naughty corner.
Anyway this week has been interesting, the pop to 33c was great to see but was short lived, still volumes for the week averaged about 1.5m per day which is healthy. The chart is giving not much of a clue for direction next week as its a classic sideways move, its showing that 30c again is providing a very good support line and as Penguins posted its at the bottom of the channel.
Its been a 3 week sideways move for BYR and this usually is the limit for BYR going sideways, next week im expecting a decent move from where we are, all of the sideways moves from 30c have been met with explosive moves to the upside, lets hope we get another one of these. The stage is set and we should see results next week.
Good luck all longs!
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