As flagged yesterday, Bumi looks ready to pop

Here’s the link to yesterday’s blog post on beleagured coal miner Bumi in which we suggest a break of 172/3p looks likely to herald a move back over 200p – http://www.spreadbetmagazine.com/blog/2012/10/9/chart-snippet-bumi-looks-to-break-resistance-1723p.html

The stock is in demand this morning ahead of the shareholder meeting in Singapore tomorrow with a clear break of the resistance of 175p. One to keep an eye on…

 

Swen Lorenz: