BMN 4.90% $3.30 bannerman energy ltd

Just a quick one:Nicely done EXT-ers. Good to see some action in...

  1. 12,455 Posts.
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    Just a quick one:

    Nicely done EXT-ers. Good to see some action in the sector, the flow on will be good for others including BMN.

    As far as BMN is concerned, buy signals are in place!!

    Bottom bollinger has steadied, commenced a slow curve up, and as of today is wqueezing in sharply to meet the upper bollinger which is forming a nice pincer movement. Once it hits the MA I expect a sharp move forward.

    IMO the extra voume is due to buyers liking the EXT action & seeing BMN as a bargain ... once the seller is soaked up we can expect some sharp moves up, especially on news.

    cheers
 
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