BGS Chart, page-193

BGS has done exceedingly well in the last 6/7 sessions and the same can be said for the last 4-5 months too...

BGS chart on a very short term basis is not that great imo... two inside days in the last 4 trading days... right at the top of the Bollinger Bands... if no news today, this may correct down a tad... if 36.5c gets broken, then it is 35c next stop and then 34c and 33c... 33c should provide another round to rally ahead imo...

CAVEAT: IF THERE IS NO NEWS SOON (TODAY??)...

but on the other hand, this has been running on great volumes without any news in the last 6 trading days.... so a bit difficult to say what it does... it is in its own "zone" atm and the overall market conditions have no effect on it...

I am not a pip traders, so I am not too affected if this cools off by a 3-4c at this stage... the rally after the pennant breakout has been textbook so far.... so LT view is very bullish...