Bushveld could have a great year with the demand for Vandium sure to grow with the use of EV, Solar and growing steel use.
Bouncing off a key support this morning, if this holds we should see a rally in the months ahead to 23.
First of all, I am new to technicals & have only been investing & trading for a year now so please don't run with this its just my inexperienced opinion please do your own research.
I have been swing trading Bushveld for a few months now and see the price action gap down looks to be getting smaller I'm looking for a quick pullback and hoping for a push through...
Price peaked at $28.8 on November 29 2018... it is now $8.50
Would like to see it jump the downward trend.
Vanadium is used in aerospace, military defense, large-scale energy storage, and steel-strengthening agents.
China controls 60% of the global vanadium supply.
US imports 100% of its vanadium.
China’s vanadium supply is insufficient to meet its own domestic...
Having sliced 1/3 at 38.5 after buying at 30.3p I have now sold rest at 34p to protect profits.
Possibly a retrace to 30p again where 50ma lies, if it not then I will evaluate the chart for another entry at some point.
I generally don't chase the price if I don't get it.
A solid company producing vanadium.
RSI trend line stronger and towards end of day a few buys kicking in and almost closing above t-line, tomorrow might be the day we could end the week above it.
Bought at 30.3p and sliced 1/3 at 38.5p and holding the rest for bigger %
will add more if we test the support again but bottom of BB's are moving up.
there’s a couple of things expected in Q1 for BMN:
-...
A great company with 0 debt & making solid revenue with Vanadium
Scaling in as we speak with 1st tranche today and if I get 28p I will add further.
Many annotations are from following chart for months.
Please do your own research.
Solid future investment.
The fundamentals of BMN are extremely strong, with high cash generation, ambitious expansion plans underway and H1 2018 financial results due in September. For more information on fundamentals, visit www.thebushveldperspective.com .
From a technical standpoint, we've seen a recent retrace from highs (caused by a reduction in annual production guidance) which...
BUSHVELD MINERALS
• BMN trading near all time highs
• Both Wave 3 and Wave iii are in motion
• Momentum studies positive
Currently trading near all time highs, Bushveld Minerals (BMN) still has room to continue higher. A rally begun with a gap after a year long consolidation period. With a high at 24.50 reached in May, BMN saw a correction back to the...
