I waited a couple of extra days to post this to confirm, as it was looking to have broken out last week. Today I think we've had enough up days in a row to call a double bottom trend breakout (as per chart below).
I expect we should see some consolidation at these levels (32-38c) over the short-mid term, but we may rally harder as we have done in the past if japan starts restarting reactors and sector sentiment improves.
It really is remarkable how much this recent crash resembles the 2010 crash/rebound picture. Interesting to see how it continues to track that recovery.
technical trend breakout
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Last
$3.03 |
Change
-0.040(1.30%) |
Mkt cap ! $532.5M | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.12 | $2.98 | $4.004M | 1.322M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 516 | $3.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.05 | 700 | 1 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |