Given that we're up 7% I thought the thread about the possibility of a pull back was due to be retired.
Something is definitely afoot recently. Again today we have over 1.4m shares traded in the first 20 mins. This comes after extremely abnormal price and volume movement on the TSX overnight.
We're just intersecting with the 200day moving average right at the moment (price 0.435 vs 0.432 200day MA) which should start signialling a change in long term trend to a lot of pure tech traders. This will start flagging on stock scanners from tomorrow (if it is not already).
The uranium price is in an uptrend and there is a resource announcement due any time. I checked the status of the ML last night, and there were still no moves in the formal documentation as at the last release (which was October 4).
There are so many variables in play, but despite that it still feels like something positive is just over the horizon. Maybe the good ship banners is leaking some more news?
BMN Price at posting:
43.5¢ Sentiment: LT Buy Disclosure: Held
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