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BGF 0.0¢

ballarat gold - further rises

  1. newry

    850 Posts.


    I am still comfortably holding my stake in BGF and have spent a bit of time lately studying its price activity.

    Notably, it is strongly consolidating all of its upward moves, with Friday being no exception.

    Since its breakout of 3.5 cents I have calculated critical numbers to be 4.8, 5.3, 5.7 and 7.

    Friday tested 4.8 after the previous huge spike. My prediction will be a close on Monday on or above 5.3.

    Impressively, although it has had a good run, because of its equally strong consolidation along the way, its chart does not look overbought at all.

    So there's my two bobs worth. My cards are on the table. Let's see what happens tommorrow.

    Have a good weekend.

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