BCN 0.00% 2.2¢ beacon minerals limited

mondays buying, page-5

  1. 17,279 Posts.
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    BCN looks to have a double whammy of support at 2.2c. The 38.2c fib line is there as has previously been mentioned but there is also one of Robbbb's favourite MAs...the 195 ema (purple line). Another Robbb fav, the 41 ema, is on the way up also....if for some reason the handle has not completed this week, ( I believe the handle will complete this week) then the 41 day ema (pink line) will have caught up with the SP by next week to also provide support.

    that probably explains all the buyers at 2.2c.....all living in hope that support will be tested. Overall it's pretty hard to fault the BCN chart at the moment. IMHO.

 
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