Bones, It looks like that old resistance area which I had pegged at 131.5 is still playing an active role. Aside from your fork accurately framing price, as soon as it gets up to that line, a big player comes out with a volume sell and knocks the price back down to your support tine. The question will arise as that support tine squeezes up to the $1.31 area, which way will it break. One of those lines has to give.
Traditionally, there are higher odds that an ascending triangle will break in an upwards direction, which fits with the previous bullish forecasts.
Whichever way it breaks, I expect it will gap and move strongly.
T91
BRM Price at posting:
$1.24 Sentiment: Buy Disclosure: Not Held
