US Stock In Play: $BSM (Black Stone Minerals LP)
$BSM currently post a February 2021 return of +15.65%, upon the breakout of a 2 weeks indecision price action in January. It has now attempted a 52-weeks high closing on three occasion over the past 7 trading session, closing today at $9.69 (+2.54%).
At the current junction, $BSM has rebounded from its 20DMA reflecting short term technical strength at $9.20 support level. The current minor downtrend channel plotted shall be perceived as a bullish consolidation phase, with breakout of the channel poised to infuse further acceleration of share price from $10 resistance level.
$BSM was founded in 1876 and owns & manages oil and natural gas mineral interests.
At the current junction, $BSM has rebounded from its 20DMA reflecting short term technical strength at $9.20 support level. The current minor downtrend channel plotted shall be perceived as a bullish consolidation phase, with breakout of the channel poised to infuse further acceleration of share price from $10 resistance level.
$BSM was founded in 1876 and owns & manages oil and natural gas mineral interests.