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$BONT not looking so hot and running out of room
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.
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.
Nota
bont still running out of room to make a decesion. tried to wick under support now testing resistance.Nota
worht noting nothing have changed about hte company business wiseNota
briefly broke out of the triangle and feel back in.. the consolidation continues.Nota
keeps retesting this triangle every time it get out. might be a goog entry if you want to play a 50 cent move. stock still trades just enough to get some decent size.Nota
earning havent been announced yet but this guy made 2 yr lows. not looking too great
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.