Champ, agree. Id say we'll see a big bounce post june 30. If we get one earlier even better.
Leng, to me 97 is close enough to 95 for your call to be right. BMN is so volatile that 2% +/- movement is insignificant.
As for the big sell off, SPP + EOFY + BMN's notoriously weak shareholders + a little technical selling following from the MACD cross down.
Once the SPP and EOFY are out of the way completely we should see a return to some more fundamental long term investment. Also, people taking profits between 1-1.4 should mean new holders coming in at 1.0 +/- will be holding out for profits longer. This should mean less resistance on the way up as the new holders will probably want to hold on for longer than the ones who just exited.
positive outlook for today, page-10
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Last
$3.15 |
Change
-0.050(1.56%) |
Mkt cap ! $553.6M | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.19 | $3.12 | $1.172M | 372.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2335 | $3.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.17 | 5500 | 1 |
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| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |