BOA Charting & T/A

Started a new thread for all thing technical.



All indicators are currently bullish on the weekly timeframe. To me it's suggestive of a potential test to 25c which will be resistance. Looks very good if it breaks that range.



On the shorter term 2/3 are bullish. Only the stochastics was looking shaky, but possible a turn up.
On the daily the yellow MACD line seems to be a best smoothed indicator for me.

Positive trend is good, above zero is good. Coming close to both of those.

Finally the monthly.



stochastics show the nice long term cycles and the last 2 oversold stochastics where both fairly major bottoms in the S/P. It's suggestive that this could now again be the next major low on the long term scale.

Ultimately exploration success/results will determine just how much this cycle can yield. I'll see what exploration has in store for the next 6months before re-assessing.

My contingency plan is the 50M pay day BOA recieves from IGO for delineating a JORC. IMV this limits my downside in the long term (2-3years) and why I'm not using a stop-loss in the instance.

SF2TH