SBM Bullish to fill the gapST BARBARA LIMITEDASX_DLY:SBMBipolar_traderTechnical Commentary – SBM (St Barbara Limited) SBM has formed a textbook double bottom pattern, confirming a bullish reversal from prior downtrend conditions. The price action has since broken above neckline resistance and is now trending within a well-defined rising channel, supported by increasing volume and aligned moving averages. The stock is currently targeting the next major supply zone around 44c, where a previous gap remains unfilled. The recent wave structure suggests a classic Elliott Wave impulse, with the current leg aiming for wave (5), coinciding with this resistance level. Short-term momentum remains strong, with bullish alignment across the 20, 50, and 100-day moving averages. A break and close above 44c may signal a continuation toward higher resistance zones established in late 2023. Key Levels: Support: 33c–34c (previous resistance turned support) Resistance: 44c (gap fill target) Trend: Bullish above 30c