Setting limit orders around 28-29c~, A fast drop on all markets is coming between now and March next year, Those prepared and waiting patiently with cash can take full advantage of the sales.
BGL has just had a good pull back and looks to have temporarily broken the short term downtrend, could possibly turn out to be the start of the next leg up to a new high to continue it's current uptrend.
The breakout was 65.5 after the covid panic in March shookout the weak hands. Big money usually indicated by the rise up the 8 day. Century mark usually a psychogical challenge for any stock first time. might need a consolidation and chance for the ma's to catch up. If youre in, let your trailing stop take you out.
2 different fibonacci levels in 2 different time frames.
on 2W chart, it shows resistance..
on daily chart, it shows new highs.
so what to do? catch the pullback or buy
the new break out?
I am about to post a few gold exploration & mining company charts where I feel there is potential for a price improvement. BGL is one of them. The price retraced from a high of $0.75c to almost touch the 78.6% fib level which it tested on 2 occasions. It has since started moving up & closed just above the previous top, close to the 38.2% fib. The price rally is...
Keep an eye on this one. After finding support at the 78.6% fib retracement level, it has started making higher lows. To be in a high probability trade it needs a break and close above $0.57c. Till then relax and watch. It is a Goldie so there is potential
Bellevue Gold Limited, formerly Draig Resources Limited, is an Australia-based gold exploration company. The Company’s principal project is the Bellevue Gold Project, which is located approximately 157 kilometers north west of Laverton in Western Australia. The Bellevue Gold Project covers an area of approximately 27 square kilometers over three granted mining...
