BII has now confirmed a second higher bottom on the monthly chart. This is bullish and should see a continued move up. May confirmed good volume on the upside.

Note the higher lows in place at 15 and 20 cents. Even better, each is a double bottom in what looks like an up trend now. The averages also point up. Current target is 35 cents, where I expect a pause and hopefully then a further move on the upside. Very bullish on any break above 40 cents.

I am in this trade for another reason also; BII last year took over Agen, and merged with Resource and Industry Ltd. This reshapes the company and its board, and therefore maybe the decision making dates of the company. So I am interested to see if past patterns and numbers hold under such changes. Let's see.