The market seems to have recieved B&M's results positively. The fall in reported profit was expected.
Technically this week could provide a launching pad for it to break to the upside from its weekly 50 ema.
This is not a recommendation. Trade your own plan and make decisions based on your own research.
BME doesn't do tight trading channels very often. The last time it did a rapid 7.5% surge upwards followed. BME is now going through almost the same shaped trading channel. Is it going to surge up again? Goldybug thinks so. That's why he's heading to a line just slightly above 600p. Good Luck everyone. Goldybug's opinion only.
Info only, not advice
Bullish MACD on the daily
Potentially on wave 3 uptrend
Bottom of wave 2 was wave 1 retracement of 0.618 to the tick
Targets in blue for 1.618 and 2.618 levels
