Bottom Is In

I hope this won't jinx things but I don't think I'm going out on a limb by calling the bottom in. Still needs to clear 26c to break out of recent 6mth downtrend within a larger 12mth downtrend but as the screen moves inexorably to the right that downtrend resistance goes ever lower and becomes ever more certain to brake. Text books would want to see the price re-test 24c and form the rhs side of a head and shoulder type pattern. Call it a double bottom if you like, don't care what sort of bottom it is so long as the bottom is in.



Fundamentals getting better as discussed ad nauseum, terrorist threat is remote and unlikely, extreme value and market jitters calmed should see this slowly rising from here. I would also not be going out on a limb to say that the sellers who decided a mine in BF was no longer their cup of tea are fully sold out. No coincidence I think that buyers came in numbers (including a 2M crossing recently) just as the selling dried up. It sure would be handy to have someone inside the company looking at the register and telling us when those holders selling heavily were about to run out of stock to sell. Sigh, not for the likes of us here on HC unfortunately, we need to stick with good research, sensible timing and show some balls.

Good Luck