New Chart Analysis Thread, page-39

BML weekly chart. I had to move the e wave as we got a slightly lower low in the wedge which lowered the projected target for the wedge from 28c to 26c. The fib targets have also adjusted by half a cent down to 25.5c for the 1.0 extension and 36c if we get a 1.618 extension. Noting that the expectations are for a wave 3 rally, then I would lean towards the 1.618 extension target of 36c.

I have highlighted that the MACD has a bullish cross and the stochastics are curling up in anticipation of triggering a buy signal. This is a weekly chart! The daily chart has already triggered a buy signal. If we get a weekly close of 12c or higher, then that would signal a breakout of the falling wedge with bullish signal alignment of the daily and weekly charts.

Whilst BML has been extremely frustrating over the past 4 years, the stars may finally be aligning for a bullish breakout. It would be nice for BML management to do their bit and release something bullishly newsworthy to get the ball rolling.