You can see quite a few repeating speed angles here. As the share has done some consolidation, supported on the trendline, begun to rally, and the stoch is turning up, you would think the speed angle could repeat and see it back to 12.5-13 cents short term?
Also note the high hit resistance on the overhead trendline there? Check out weekly for this.
Weekly:
Here you can see the share is actually in a downward channel. With some nice big speed angles playing out. Last one has already repeated, as you can see the share had a blowoff top to the resistance, but the share is holding firm for now. Also the stoch hasnt fallen yet. Could see a break of the channel if the daily plays out
BGD Price at posting:
10.0¢ Sentiment: None Disclosure: Not Held
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