This is a textbook breakout, consolidate and run again chart.
BAU initially ran hard from 17c to 39c before setting up a tidy retracement back to 24c, it then bounced hard and broken out of this consolidation at 26c on big volume. It has since formed a nice tight triangle between 28c and 25.5c, we are now getting down to the pointy end of the triangle, with a strong move imminent. The first target is the previous run (39-17=22c) added onto the breakout point 26c, giving a nice target of 48c.
There are also several positive indicators adding to the strength of this chart. MACD, moving av, volume.
I wish i could post this chart, as it really is a beauty.
Good luck all.
Welcome tt1, great first post. I like the look of that one, and have just jumped in with a trade today at 0.27
Jeff could ya let us know at 3.45 Thanks
Jeff could ya let us know at 3.45 Thanks
Additional significant high grade intersections from Kangaluwi Copper Project confirm extensions of copper mineralisation down dip and along strike
● Further results of assays from previous drilling
conducted on the Kangaluwi Copper Project indicate
increasing width and copper grade with depth
● Recent results include high
ASX / Media Release
11 February 2011
Final Hellyer Concentrate Production Milestone Achieved
HIGHLIGHTS:
● Hellyer Mill completely and successfully commissioned.
● Zinc concentrate (of saleable quality) filtered and in storage shed.
● Truck haulage of concentrate to Burnie Port commenced.
Diversified miner, Bass Metals Ltd (ASX:BSM) is pleased to report that it has entered the final phase of its new Hellyer Mine Project development in NW Tasmania with the commissioning of the filtration circuit to produce zinc concentrate and haulage of concentrate to the Port of Burnie.
Jeff could ya let us know at 3.45 Thanks
BSM
missed this last few days but it's a good breakout, here's why the excitement
Yeah Boggo there is no was I would trade those gaps, just posting for others to view...!
Would you bail while the party is still going, buy more, or sit and hold tight?
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