Bremworth Limited NZXBremworth breaking out of large triangle (3mo chart)
This is not the ideal entry for me as I don't like to chase
Triangles are rarely reversals, but it is a sort of basing pattern
Fundamentally it has a 3.4x P/E which is low... healthy current ratio of 4x and low debt to equity, 42% insider ownership so it all looks promising....
Short to medium term this could get to $1.60, so roughly 90%... probably do that relatively quickly,
Longer term I think this could get to $4.80 which would be a 6x bagger
Thought it would be interesting to someone...
