RE:$380000.00 Every Daybandit69 wrote:
While algo's are still having their way due to illiquidity, I do think BNE is setting up for a pop sooner than later though. Level II asks are being taken out for the most part (i.e. fewer sellers willing to let go for lower), volume is lower and sales slower because shares are "harder" to get and I think it's looking like a coiled spring. $11.00 is looking more and more like a solid foundation.
I don't know where it's going but I think it's going. As always, I could be wrong.
This was May 19 and the breakout occurred 6 days later May 25:
Breakout "
I think that was the breakout we've been looking for. Strong price move and big volume (for BNE). "
Then I posted on a large cup and handle formation on the charts (it's beautiful...in my opinion) CUP&HANDLE See it here, seems to be much better view on tradingview.com than Stockcharts. Search BNE and scroll the chart out back to late 2018 or more
https://www.tradingview.com/chart/
Breakout confirmed May 30 (double top on the point and figure chart, with volume)
Breakout Confirmation May 30 I thought $13 would be tested in short order and we are now within earshot of it likely to blow past it tomorrow June 8.
$13 Today's volume was significant (for BNE) so I don't think $13 is going to pose much difficulty to surpass. Volume always precedes price (in both directions). So with upward price pressure today, and significant volume (for BNE...see chart for reference view) it's all coming together.
The probabilities are heavily in favor of a catch up trade right now. (even $1 dividend is 5% yield at $20/sh).
Enjoy.