The Schill is still at WorkWow, have to step up here from the schill's recent posting and this real one is also free lol.
I posted some long term tech 3-5 years under OH OH a couple days ago where the TSX could go, based on those retracement support lines here's where BIR could land, cause the market overall will say so.
Here they are again - 18780, 17720, 16010 and heaven forbid 14600 as a bottom line in the sand.
BIR already over $2.50 down off it's high as of today sees it fall through first support which was around 10.75 which brings 9.50 into play now.
Here's where it gets interesting, if 9.50 area tested that will bring next line of support at 7.95 into play, if the market continues to erode to the levels I posted as possibilities and if the market goes completely to chit then a full retrace from the bottom run could see a BIR land around the 6.25 area.
Same for many others including SDE etc. no stock really escapes no matter what the sector in a bear market, fact.
If you didn't bank some profit near the highs well it could be a possible longer rode to recovery to the recent high no matter what the NG/Oil commodities strength is. Why? well it's the market talking not me, but I will surely back the truck up again for the ride if the 50% haircut comes to fuition.
Hope I'm wrong for what I still hold (BIR none again aside) but I'm already prepared for a fresh position, afterall making money is the plan...................Cheers.