Wait for higher low pullback after price breaks out of the wedge to enter longs. (read text on chart). Trading Idea - NOT INVESTMENT OPPORTUNITY
Price peaked at $28.8 on November 29 2018... it is now $8.50 Would like to see it jump the downward trend. Vanadium is used in aerospace, military defense, large-scale energy storage, and steel-strengthening agents. China controls 60% of the global vanadium supply. US imports 100% of its vanadium. China’s vanadium supply is insufficient to meet its own domestic...
The fundamentals of BMN are extremely strong, with high cash generation, ambitious expansion plans underway and H1 2018 financial results due in September. For more information on fundamentals, visit www.thebushveldperspective.com . From a technical standpoint, we've seen a recent retrace from highs (caused by a reduction in annual production guidance) which...
BUSHVELD MINERALS • BMN trading near all time highs • Both Wave 3 and Wave iii are in motion • Momentum studies positive Currently trading near all time highs, Bushveld Minerals (BMN) still has room to continue higher. A rally begun with a gap after a year long consolidation period. With a high at 24.50 reached in May, BMN saw a correction back to the...