My Elliott Wave count for BML. BML is in a falling wedge pattern that looks close to completing the wave 2 correction with positive divergence in the MACD and RSI. A break of the upper red trend line projects a target of 28/29c which is the falling wedge projected target which also coincides with the lower area of the blue box which is a Fibonacci projected target for wave 3. The upper level of the box for wave 3 is 38c.
The (e) wave channel sits at 9.3c but does not have to hit this price but could break below 9.3c producing a false breakdown of the wedge before reversing and heading higher and breaking out, which would be extremely bullish.
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.33M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $19.84K | 197.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 498707 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 46977 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| BML (ASX) Chart |