RE: bullish reversal12 Feb 2019 18:32
That is magnificent English from somebody who is not from England. Congrats to your teacher
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Maik, looking at your chart for a minute I now see you assuming the high in the sky long term growth uptrend line as the main support. I use the down to earth long term support line ("lower support" in your chart) which connects with the massive support drom the selloff in mid Sept 2018.
For me, this monthlong retrace is still just a normal technical retrace after a fantastic uptrend.
IMO the downtrend should either halt at todays level (pending confirmation this week), or down at the mentioned 30.80p target. Your calculated 28 ish is very close to this, so thank you for that, and lets keep that in mind.
Down at that supprt positive surprizes are possible, because Bmn has always bounced from the 200-line so far, and because this is a news driven share.
Haha, looks like we'd need to regroup every two weeks and evaluate?:))
What I am looking for right now is a decent short term bullish reversal. Plse take a look at your MACD and see the quite overstretched selling period since November which even accelerates in January. In my opinion this looks ready for a rebound. Moreover I am noticing sudden large buys appearing out of nowhere...