Which ASX pot stocks hold those golden Aussie cannabis licences, page-17

My thoughts exactly @Quanta! You beat me to the punch but I had been meaning to add something similar to your previous chart analysis from 23/5 (which was spot on might I add).

On today's trading action
1. On the daily candle it's pretty obvious to see $BDA has been on an upwards trend since March, establishing higher consolidation points after each run at 0.36c, 0.41c, 0.45c - approx (Yellow Line).
2. More specifically when looking at the 1 month chart, it's clear to see that $BDA has been trading in the 40c - 47c channel, testing the high twice but not breaking through until today (orange circles).
3. It's interesting to see the sharp uptake in buyer volume today (RSI 0.65) when compared to the average volume for the previous 3 months, which peaked at (RSI 0.57) (blue circles). Given that todays increase in buyer volume was not off the back of any news, the two possible scenarios that jump to mind are; Information leaked and insiders getting set or false bull run pump ahead of a dump (however, given the company's history of delivering results, I'm going to side with the first of these two scenarios).



Future
Although it is easy to get excited about a 12-15% day, if you exclude today's run, $BDA has still set a super solid foundation over the past 3 months and IMO is poised for a proper breakout pending positive news. The support levels have proven strong (0.45c) and its seems pretty unlikely that we will fall below it, particularly with the potential to establish a new support above 50c (depending on what happens in the coming weeks.

My 2 cents,
JDI.