BGF ballarat goldfields nl

technicals

  1. 850 Posts.
    G'day,

    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
 
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