Lovely recovery by BGS over the past couple of weeks.
Nothing new to add to the charts since many have covered this off already, but thought I would add my own chart to reinforce the same sentiment...
Moving Average - Red Circle: 40 day MA doing a sharp U-turn to the upside and still above the 100 day MA. Price has crossed over both these moving averages, something we haven't seen since Oct-2017.
Price - Blue Circle: Approaching the 20 day high (69.5c). Once this hits, a clear buy signal for many, with the next target the 55 day high (84c)
DMI - Yellow circle: DMI+ crossing over DMI-, meaning bulls are taking charge and good buy signal.
Slow Stoch: Trending up, showing strong momentum.
Awesome Osc - Green circle: About to cross the zero-line (again, not seen since Oct 2017 before the last bull run).
Other contributing factors: MS over supply report not affecting BGS as much as competitors, off-take agreements on other HC favourites potentially lifting the sea level of all Li players, imminent news on BGS gold deal and drilling results, plus many others.
Should be a very positive March ahead (pun intended).
BGS Price at posting:
68.5¢ Sentiment: Buy Disclosure: Held
