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10.0¢ boab metals limited

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freshinvestor93

2,663 Posts.

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26/08/24

11:14

Post #: 75371816
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Originally posted by PhillW: ↑

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.

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Why was e not there? and thus this isnt an elliot wave at all.

BML Price at posting: 11.5¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 10.0¢		Change -0.005(4.76%)		Mkt cap ! $23.33M

Open	High	Low	Value	Volume
10.0¢	10.5¢	10.0¢	$22.28K	218.0K

Buyers (Bids)

No.	Vol.	Price($)
9	349759	10.0¢

Sellers (Offers)

Price($)	Vol.	No.
10.5¢	27805	2

View Market Depth

No.	Vol.	Price($)
9	349759	0.100
1	6100	0.098
1	10789	0.097
2	102631	0.095
1	6000	0.093

Price($)	Vol.	No.
0.105	27805	2
0.110	95238	1
0.115	138000	3
0.120	266175	5
0.125	97020	2

Last trade - 16.10pm 03/10/2024 (20 minute delay)

BML (ASX) Chart