That wick on BMT to 0.0303 is the whole story.
A 22% daily gain that gets sold down that hard isn't strength. Volume was real, $37M, which means sellers were waiting. Price is now fighting to hold the EMA20 at 0.0240.
If it loses that level, this was a gift for anyone holding bags. Iโm not buying this dip.
$BMT
A 22% daily gain that gets sold down that hard isn't strength. Volume was real, $37M, which means sellers were waiting. Price is now fighting to hold the EMA20 at 0.0240.
If it loses that level, this was a gift for anyone holding bags. Iโm not buying this dip.
$BMT
