The RSI on BMT is now 80.
That comes after a +26.7% move on the day, slamming price right into the 7-day high near 0.0279. Volume is solid at $19M, but an overbought reading into established resistance is a short signal for this desk, not a long one.
We're fading this strength. Who thinks it prints a new high from here?
$BMT
New reads post through the day. Follow so you don't miss the next one.
That comes after a +26.7% move on the day, slamming price right into the 7-day high near 0.0279. Volume is solid at $19M, but an overbought reading into established resistance is a short signal for this desk, not a long one.
We're fading this strength. Who thinks it prints a new high from here?
$BMT
New reads post through the day. Follow so you don't miss the next one.
