For those who have been discouraged by the continuing slide in BRM's share price from the $3.44 high on 16 June (albeit on small daily volumes), I am expecting the price to bottom at $2.75 either later today, or by close of trading tomorrow, before turning again to start its next climb.
I could be wrong of course, but I would say there is an 80% probability that the price will rise from around $2.75 to probably $3.04 before it becomes clear whether or not the rise can be sustained beyond that level, or turn down again for a short time. For those who hold short-term trading stock in BRM as well as a long-term investment block, you might be interested in keeping a close eye on BRM at these likely price points, for any confirming indicators, just in case.
Fingers crossed for the death of the MRRT, one way or the other!
Regards, Bones
BRM Price at posting:
$2.80 Sentiment: Hold Disclosure: Held
