BGL is currently testing the 50c support level, however with the recent break down through the descending flag pattern ~52c, it's likely that this level won't be able to hold and further downside is likely following on from the recent decline in the gold price.
The measured move for the descending flag pattern is ~40c with the next major support level below that ~35c.
BGL Technicals - Expecting further downside
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Last
$1.95 |
Change
-0.020(1.02%) |
Mkt cap ! $2.289B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $2.02 | $1.87 | $17.12M | 8.796M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 57338 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 2423 | 1 |
View Market Depth
| Last trade - 16.10pm 19/04/2024 (20 minute delay) ? |
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Last
$1.95 |
Change
-0.020 ( 0.98 %) |
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| Open | High | Low | Volume | ||
| $1.90 | $2.02 | $1.87 | 1586619 | ||
| Last updated 15.59pm 19/04/2024 ? | |||||
| BGL (ASX) Chart |