Closing BNO as price struggles to push higher

Closing BNO alert at 0.46

Alert is now closed

 

PREVIOUS ALERT 11/9/17

BNO – Bionomics Limited

Stock : BNO – Bionomics Limited

Current Price : 0.475

Previous Buy Entry (Trigger Level) : 0.46

New Sell Exit Zone (Stop Loss) : 0.44

Status : On watch for continuation

BNO has been a grind after the initial buy entry and push up through resistance. We now see price holding highs and looks ready for a new leg up through 0.50 to continue the trend higher. Happy now to raise the risk level to 0.44 and sit back to watch the action.

 

ORIGINAL ENTRY ALERT 17/8/17

Stock : BNO – Bionomics Limited

Current Price : 0.445

New Buy Entry (Trigger Level) : 0.46

Potential Sell Exit Zone (Stop Loss) : 0.41

Status : On watch for buy entry trigger

BNO is looking good after holding a major higher low at 0.32. Price now looks set and primed to continue higher through resistance at 0.50 and build a strong leg up. We are happy to buy at 0.46 and hold risk at 0.41. If price pushes down below 0.41 prior to entry, then the alert is void and we will re-assess the price action.