re: roberter, is this a head & shoulders Hi roberter,
for the record I do not currently hold BSG. You will find a post if you search back where I think I noted that I tried to buy some when last it bounced off 17c attempting to buy at 17.5.
The stock promptly ran straight to resistance at Fibonacci 38.2% being 19.5c.
Whilst I would have liked to have seen it go higher I would note that BSG is now holding at higher cps prices v's USD Gold price than the last time that gold was visiting around $US315.
This suggests to me that share prices being predictive of future gold price movements that the market is looking to prices.
For the record - I am currently pro higher share price for BSG. This opinion would change in the event of an open or especially a close below 17c
As the saying goes - I reserve the right to change my opinion when the facts upon which that opinion is based change.
Interestingly (and how many times has this TA v's FA arguement been run on HC), how on earth do fundamentalists ever establish a good entry point to a stock when in my years of charting (and many posts on HC by myself and numerous others have shown) that future market lows for indices and individual stocks can be predicted with considerable accuracy and regularity when the causes for those lows are not known to the general market...
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