I am not a technical analyst but I have great respect for those who know the ropes and call the navigational points via TA.
It was therefore interesting to see that last December 15 @Saragian charted [ref] BGL as having a $1.31 upside repeating range setting $1.02 and $2.33 as range latitudes - leading to a ‘midpoint’ sixty five and a half cents lower of $1.675.
[ref]
…On that basis I think it’s interesting that
A) the $150m of new shares at $1.55 each were sold a ‘healthy’ (for the buyers) 12.5c discount to that $1.675 midline.
B) that Friday’s opening low held at the quarter point line of around $1.35 in the first five minutes of trading and that the price from around 10.30am held at $1.40 and higher.
As said I am no chartist and hold less than 20,000 shares at present at an average of $1.48 but I’m kind of thinking gold is clearly NOT in down trend and that those who supported the raise at $1.55 knew what they were doing.
.…And that action around $1.67.5 may be interesting.
And that (gold remaining positive) BGL will return to that level fairly swiftly.And that I might test my speculations about that 7.5 month old chart (thank you Saragian) by buyimg a few more if the price stays lowish.
Good luck to all the long term high hopers here;
If Bellevue intends - in the next five years to be “one of only seven gold projects in the world producing more than 200,000oz at 5g/t gold or more in a tier-one jurisdiction.” [ref] and is now well set up with the wherewithal to get there that’s gotta be a good thing?
cheers
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Last
$1.30 |
Change
0.018(1.36%) |
Mkt cap ! $1.644B |
Open | High | Low | Value | Volume |
$1.28 | $1.32 | $1.27 | $3.395M | 2.612M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 103128 | $1.30 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.31 | 45040 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 80769 | 1.305 |
24 | 200248 | 1.300 |
22 | 263683 | 1.295 |
16 | 89790 | 1.290 |
7 | 429436 | 1.285 |
Price($) | Vol. | No. |
---|---|---|
1.310 | 46526 | 28 |
1.315 | 142218 | 24 |
1.320 | 308537 | 24 |
1.325 | 239562 | 17 |
1.330 | 124604 | 15 |
Last trade - 13.11pm 08/10/2024 (20 minute delay) ? |
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BGL (ASX) Chart |