$BONT not looking so hot and running out of room

34 0 1
a month ago
i've charted BONT before so im not going to spend a lot of time talking about the past performance of the company or the oddities of its performance but ill still strictly to the charts

Since i last charted this guy, it looks like it had a false breakout and now is caught in a giant triangle, quickly running out of room. thats not the most concerning. When i flipped on the dollar flow plugin to get an idea of the actual capital being spent.. its just not there. on a good day it doing 1.13M but on average .. its in the 700k range. not a good look from a giant conglomerate. Also if the share price falls too much lower, BATS may de list them as a penny stock .

But lets thinks positive and soley on tehcnicals. 3d stoch is down and its sitting on support. very likely might try to get that 1.75 order block . Best case scenario, it able to break out of the near 2 year trend line on good Christmas performance and get to that 2.20 order block..

But really it seems to be in the danger of bankruptcy and buyout . unless your doing this plural as a bet - i might stay out out of this one.
17 days ago
Comment: bont still running out of room to make a decesion. tried to wick under support now testing resistance.
17 days ago
Comment: worht noting nothing have changed about hte company business wise
4 days ago
Comment: briefly broke out of the triangle and feel back in.. the consolidation continues.
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