Last posted charts for BGS on the 13/11 ... here's an update of the 2nd chart from that posting(I have deleted a few 'stale' TA observations). As I post I see V* (@V*) has touched on a similar 'viewing/pattern' over the last few days so apologies for the the repeat of that part. Talking about 'repeat' ... BGS has had a Triangular Flag pattern B4(shown dotted), right ... and that 'came to pass'!
However, it's the SUPPORT ACT ... (slow)MACD + (slow)SSTO ... that has me 'excited'(and therefore should excite others) for the beginnings of our next meaningful(tradeable) move. I figure to at least the 50's again. How soon will depend on ... well that excitement B4 some news I guess. I also like that we are coming from just a tick below the 50% retrace of the low to high range since our March '16 breakout PLUS the // of the top to top TL(now a dark blue channel) and also the 200SMA. Vols are starting to show slight increases on up days out of the 28.5 lows.
Anyway, 1st things 1st ... That initial 36.5c hurdle; then 42c!
More patience required I think ....
BGS Chart, page-384
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)