BCN/BCNOA: With drilling underway for a week we should soon start to see some speculative money taking a position ahead of drilling results. The Bollinger bands began to widen following Friday's increase but, in my opinion, the volume wasn't sufficient to convince me that a breakout has begun. The slow stochastic has crossed up and is rising, the RSI ahs broken through 50 and the MACD looks poised to cross this week. As stated last week BCN will be worth watching over the next two to three weeks. The cup and handle pattern that has formed over the past couple of months is still in play with a breakout level of 3 cents providing a target of 4 cents. News Due: Drilling results from the Barlee gold project. Disclosure: Holding BCNOA
BCN Price at posting:
2.8¢ Sentiment: LT Buy Disclosure: Held
