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Yup! One interesting observation is that BMN does retrace a little before its next rise: Slowly volume decreases for a few weeks, then the 20-day average crosses the 50-day to the downside, then it stays there for several days - and suddenly a new, substantial upleg happens. Right now these lines are about to touch.
(Normally the 20day crossing 50, would quickly alert traders and make them derisk.)

How to explain this pattern? IMO its probably the quite long silence from Bushveld (on a regular basis) which makes some investors look elsewhere for a while. And it is these people, who eventually risk to miss out on the next rise.

Basically just as Ophelian mentioned with the sudden rise in March. Sudden positive company news cripples all technical calcs. Hopefully this will repeat this spring!

Ahhh, yes Endion, I remember that one from my baby cousin in Australia. Careful not to get stuck forever, right? All the best with your 'green house'. Nice move! --------- are you winnie the pooh?

The last candle on Friday was bearish. In my opinion here is the normal technical retrace. Yes indeed, it could be the retrace before the news and future upleg. ------------ BMN latest candle was (short term) bearish, but we're still holding above all important support lines: - For me its safe to hold as long as 40.15 and 39.70 are maintained - if the 20-line does cross the 50 line for some days, without too much divergence (dips no more than 37 or 35p), then I see this as one last treeshake, in preparation of a substantial new uptrend. Once more the word 'March' comes to mind... Thanks, Ophelian! No advice meant. DYOR. And best of luck everyone for the new week!

China... 'Asia Pacific markets were set to trade higher as investors waited for the release of important Chinese economic data that would provide further insight into the health of the world’s second-largest economy. Beijing is expected to announce China’s gross domestic product numbers for the fourth quarter around 10:00 a.m. HK/SIN. Analysts polled by Reuters expect the world’s second-largest economy to have grown 6.4 percent in the October-December quarter from a year earlier, matching levels last seen in early 2009 during the global financial crisis.' Cnbc

...and whoever has been totally scared and worried, in my opinion he or she has risked far too much capital as they can normally handle. Nothing is 100% sure on the stockmarket. Best to remember our normal limits.

Wonderful fun, honestly!! Much better than little Britain... Hope2gain, you must have feared the lights go out maybe?? IMO the current JV negotiation has taken all company focus, and: They will likely setup a new website which includes the new project & visions. ---------- 'HTG, pull yourself together mate.' glaw

Wonderful wonderful 5 min laughter!! Thanks! -------- '...it is clean almost everywhere. Over here it seems everywhere is a shit hole, roads where i live are down to their sets in places.' 'Not saying it will get any better when we leave - if we ever do.' (Buddy, did Britain not tap any EU support fund at all...? They must have too. Even our neighbour GER took EU support money to build public WiFi infrastructure etc. Plus all the assistance to agricultural farmers when there were severe losses. Its a give and take, while we central/north Europeans give much more than we take. Also us, we have two cars, husband and wife, while Croatians barely maintain one -shtty- car.)

Well said, FLBW! One sunny day the generous giveaway of EUA shares from CS to always new lenders (@0.37p) will come to an end.

------- '...if you can tell me where we are better off, then i might just change my mind.' Noggers Brother, allow me to ask this first: Why is Croatia much much better off in the EU? Why is Spain much better off? Why is Lithuania much better off? I'm not talking about some struggling members (like Greece, where people enter pension at 55, and then sit in the sun). Last summer we went sailing around Croatia, and once more I'm fascinated by people and landscape - and their suddenly great infrastructure. Brand new Zagreb airport, brand new highway connections ...with greetings from the EU development fund. As well as croatian national parks, that suddenly are protected from illegal hunting (according to EU laws), and that suddenly employ fulltime national park staff, with brand new SUV cars. Or maritime zones that get proper life savers, and controlled by marine biologists, who try to protect from overfishing. When going out at night you meet hords of master students who say they're doing their master course in Vienna, London, Edingburgh or Stockholm... The meaning of a union, right? Similar development in Spain: Have you been to the Canaries in the early 1990s? Today thats a huge difference: Great infrastructure projects, with capital greetings from the EU development fund. Yup, you are right: Mostly rich EU members have paid for that. Well, you and me, we are very very rich compared to Lithuania. Why not let them have their crumb! At the same time the UK nowadays operates many businesses allover the EU. Suddenly everyone owns a Barclaycard as well as a british life insurance. Unthinkable twenty years ago! Noggers, why does England seem the only country that does not (or does not want) to grabb its fair share?? Why do the Scots want to stay in? And the Irish as well? Of course the biggest voice in the EU has the biggest economy, you will agree to that. But even this gets balanced, with changing EU presidency by each member country. At the same time I agree that currently theres too much lobbyist-foulplay in Brussles, and quite undemocratic procedure everywhere you look: 'Brexiteer cabinet minister Liam Fox has accused pro-Remain MPs of trying to "in effect steal Brexit", amid backbench moves to take control of the process.' bbc.com/news/uk-politics-46936405

Nice one! Both of you seem very decent chaps, and i appreciate the time you've taken. I owe you a favour then: The next time one of the business guys here in CH ask me about Britain raising his eyebrows, and the next time any foreigner asks me whats wrong with those 'party poopers', I will gladly tell them about your position and take a strong stand for you. From currently neutral, I shall switch to the opinion that 'souvereign' is much better, for one of the leading countries in Europe. The UK should have stayed out of that Brussles sprouts salad :), just like the rich Norwegian did. ----------- '...can hardly think of a stock which will be less affected by Brexit developments, whoever way it goes, so that’s more than enough form me on the subject.' Rastuss, then tell me: Why has KAZ been doing so incredibly bad, eversince the FTSE got hammered this summer?? I meant that monthlong political jitters at the end of the summer.

IMO the 'overdone' rise has been a giant treeshake for someone who wanted to get rid of 2p holders. And then the way overdone drop has obviously shaken out punters or newbie holders. The most powerful treeshake that I have seen within one week! (Or within one day!) - technically its good that ITX halted right above the bullish trendline at 4.35p - for me its safe to hold as long as 4.20-4.15p is maintained - if breached, then retrace to 3.50ish bottom, but that is highly unlikely - I see someone collecting as many shares as possible right now (institutionals buying in?) - next buy signal, if 4.65 is breached - in this case swift rise to 6.55p No advice meant whatsoever. DYOR! And now, without knowing any detailled future (massive!) company figures, purely as from TA point of view the fair price at this very moment is 6.55 - 7.20p.

Actually thats an amazing sum-up of yours, Rastuss. Thanks for that! Haha, and, this healthy five min laughter, perfect for the weekend: '...getting us out of the dog’s breakfast that the EU is becoming.' 'Parliament it currently full of opionated, rather dim placemen who think they know better...' Just remember: The biggest group of foreign residents in Spain are British citizen, and the number is growing. From currently 300k, to maybe 500k or 1M in ten years, when its the turn of the next pensioneers. Whether Lanzarote, Malaga, Portugal - I've met so many nice english people. We've rented holiday homes from marvellous English couples who live permanently in Spain... Do we want to break that up?? No way they will keep their spanish residence permit just like that. No way they will receive 100% of their British pension just like that. But I agree, for the moment your (highly paid) MPs will kick the can down the road in hope for time helping to solve the problem. My conclusion: Britain has allowed to enter way too many people in their country. Especially during its EU membership. But also during the 1960s and 1970s. An island, by definition, offers a rather limited space, right? So the UK simply cant and shouldnt be the shelter for everyone in the world. Leaves the question: Where will you find handymen, like painters or floor-tiles? If the current 800k polish will leave the UK? Where to find low paid nurses for hospitals, if you cant chose from thousands of immigrants? I think that just like me, you dont want to do any of that work yourself. Am I right?

Why nobody likes us... ------ Why no interest here? Palladium up. JAN up. But EUA down?

You are quite right with very experienced Brexit voters. But in the end who will have to pay the many years of negative consequences? Will it be the 47 y/o manager, who has just another ten or fifteen years to go? No, he wont pay the decades of negative consequences for Britain. Or at least he wont have a problem, being an experienced executive on a big city. The same with 64 y/o chaps who are just sitting back somewhere in Brighton, untill pension triggers. The price will be paid by currently 10-18 year old high school kids, who will loose many opportunities. And the price will be paid by young 25 year old british couples who both just started to work in London, and hold unfair work contracts. Just look around these days, what young talented graduates are paid... And the price will be paid by 30 y/o couple who thought they could afford a house (like their parents in the 1970s), but now struggle to remortage it. These people will be paying the unforseeable negative consequences, the hard border with Ireland and possibly a split from Scotland. And for their trip to Spain, the yoing generation will apply for a visa two weeks in advance. Speaking of: What status will Spain give to the estimated 300,000 British who live in Spain? I am sure that many many 60-65 y/o couples voted to exit the EU :)) Have a heart, noggers, stay in the EU for another decade, and then see from there. Just my opinion.

Any valid new rise / upside breakout will soak me in entirely again, and also bring back masses of speculative buyers who eventually overbuy the shares. In the meantime any large holder has got the right to sell a few chunks to make money, and buy back cheaper. Same old...

Whyast et all, you might also note that a substantial number of daily/weekly punters jumped on the rise this week. Right? We see a sudden upside breakout, and there comes the herd... Take me as an example: - Before the rise this week I held 25k worth. - When the rise started I struggled to buy another 15k worth, and they only gave me a silly 52p quote!! - At around 65 and 62p I sold the majority of my holding, while minutes later I saw the Sp slide. Now I once again just hold 25k worth (some 60k shares).

Bluepanther, IMO its the same rise & rinse tactics as we've seen it when this rose to 5.50ish last Christmas and then went to as low as 3.60p where it bottomed.
So this time it climbed to 7.50ish, and now rinsing out weak holders to 4 ish. Similar trading pattern.

Technically its still bullish if the mid price holds above 4.35p, as this would be the beginning of an uptrend on the three month chart. No advice meant of course.
DYOR!

(Endion, I once had you on filter for a week, after we had some silly argument over nothing... At the end of the day I like to hear everyones opinion about Bushveld and its outlook.)

@FastMoney,
Once again hats off for your very successful trade this week.
Enjoy a great night out!

'Your post is speculative and opinion-based. I do not see any facts contained...' zeusfurla

Zeus, why not let the Sp speak the truth:
- has BMN climbed the mentioned 42.90p wall?
- has the Sp bounced-away from that nasty barrier?
- is the current mid term support line around 40.15p, or is it not?
It is.
These are technical facts. The latest fact would come if BMN actually touches the mid term line at 40.15p. While I for one do not need BMN to retrace. Not at all!
All I need is to know that today there is a very high chance that BMN will not be able to climb 42.90p. But of course DYOR and look at the trading pattern as from which line large sells have kicked in.

1onic, everyone is meant to do his or her own research on shares, right? Not meant to give advice on a public board. I for one don't have the time (on top of all other work) to run some hobby with external technical websites informing everyone on this planet.
But I say hats off to Alfacomp and his achievement!

Fair enough with your request, Endion. You seem a decent chap. Lets not go into unnecessary discussions about this one.

'On-/ off with English...' To whom it may concern, I have never been native English speaker, and (unfortunately) will never be one as you' d need to be born there, right?
If occasionally you find a few senteces that seem all right, its either some business English basics, or just smalltalk you pick up from English speaking tourists at the ski lift.