Energy stocks, resources flying. $BRL tight like a tiger. Need to see it move this week or I suspect the time stops will kick in and a shakeout will occur.
This looks like a good stock to try and get a position on below 9c or wait for the bois to take out 9c level. Your call. Orderly pullback in the last couple of days.
A solid risk vs reward trade looks to be setting up on the Bathurst Resources chart.
We are seeing the 200 day MA and long term trend line looking like meeting at the volumetric support zone of 13c
The trade is it plays our will be entered at 13c with a exit or 16.5c on the first likely resistance point representing a 26% move from entry and a 1.75 risk/reward ratio
