With $0.033 as a base, from the high of $0.061, BGF closed on a 23.6% retracement yesterday($0.054), and touched a 38% retracement this morning ($0.05).
BGF is thus technically very strong. I expect a positive close today, and a retest of $0.061 in the coming days, which I feel will be broken.
A good way to view the BGF chart is over a couple of years. It is easy to see the significance of a break through $0.06.
My short term target remains $0.08
All the best
BGF Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held