technically speaking, the consolidation over the past 2 weeks is exactly what the good stock doctor would have ordered for BMN.
it has been nearly enough to work off what had become a seriously overbought situation back on Jan 3rd.
the 13 day moving average has been able to catch to the share price over the last 2 weeks. interestingly the share price has bounced off the 13 day moving average on several occasions which is an excellent sign that the short term uptrend is intact.
the daily RSI has also come back to the the mid 60's which indicates there is now (once again) less lead in the saddle so the share price can charge ahead and hopefully make new highs.
whether today's fresh burst of stronger buying is insider news driven should be clear in a few days time....in the meantime, all augers well for BMN
these are just my views...those from other more savvy chartists would be welcome ..
price strengthening, page-2
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Last
$3.27 |
Change
-0.310(8.66%) |
Mkt cap ! $499.8M | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.40 | $3.23 | $6.799M | 2.065M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24450 | $3.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |