NYSE:BSM breaks out of it's micro pennant here recently, and is headed towards $16.60. With increased price targets from analysts, financials doing well, and earnings on the rise, I expect that this stock will do well to see previous floors once again. $16.60 is easily doable by the end of April, with more to come after a bit of bouncing around.
BSM daily - is on side of the falling wedge pattern which is a very bullish pattern . The last several days' volume decreased while we are at BigRed (200 days MA) which indicates a strong move. BSM is below all major MA, while volume is pretty low the last few days. RSI is neutral with slight bullish divergence , meaning price is falling while relative strength...
DEN US stock buying analysis, can become a buying opportunity if the price comes down and successfully takes support from ema, as the overall trend is upward
Interesting breakout of the resistance that followed an accumulation area over 200 SMA and positive divergence with RSI. Now longs have a R/R of 1.7
Interesting break of accumulation area over a positive divergence on RSI, now long suggest a 1.5R/R
Bullish breakout on the daily Money flow momentum increasing Expect a retest and run to perhaps 20 Energy Minerals sector looking strong
Immediate targets 10, 9.7. Invalidation at 14.62. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely...
Immediate targets 10.87, 10.37 1nd 9.7. Invalidation at 14.62 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore...
Bull pennant, potential for golden cross in 4-8 weeks Supportive ATR
$BSM currently post a February 2021 return of +15.65%, upon the breakout of a 2 weeks indecision price action in January. It has now attempted a 52-weeks high closing on three occasion over the past 7 trading session, closing today at $9.69 (+2.54%). At the current junction, $BSM has rebounded from its 20DMA reflecting short term technical strength at $9.20...
Long >19 Stop - 18.75 Target - 19.5