chimera_brendo

BMN - Slowing momentum on weekly

Long
ASX:BMN   BANNERMAN ENERGY LTD
Although I am long term bullish on this stock, the weekly chart there seems to be some signs of weakness in momentum.
Peaks are showing spinning top candles while RSI is making lower highs and lower lows; if we have a similar pullback to the previous two peaks, we may come back into a high supply zone around 0.150$ - 0.160$, which would create a new 'higher low'.
This may be the last point of supply before this moves very quickly upwards.

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