BGS has been trending up strongly since October to December. Since then, it has gone sideways, ranging between 67c-82c. Of late the transactions have been low in volume during retracement. Support is around 67c level. MACD though still negative has started to move up, while RSI is still in the positive. BGS is likely to find support around this area and may start moving up again from here, this time it could test the previous resistance. The quarterly or the announcement of the permit could be the catalyst that break the previous resistance. BGS has a lot going for it, its gains have yet to be reflected in the SP.
BGS Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
