BGF ballarat goldfields nl

set to break out

  1. bbm
    2,264 Posts.
    BGF has been in a trading range for the last two and a half weeks with 4.4 cents offering support and 5.3 cents being resistance. It almost broke out on Friday but failed to close above 5.3 cents. With volume in an uptrend and gold reaching six year highs I see BGF breaking out next week with an initial target of 6.2 cents.

    Comments welcome.

    BBM
 
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