BGL trade ideas
Down Then Load Up.Setting limit orders around 28-29c~, A fast drop on all markets is coming between now and March next year, Those prepared and waiting patiently with cash can take full advantage of the sales.
BGL Bellevue gold LongBGL has just had a good pull back and looks to have temporarily broken the short term downtrend, could possibly turn out to be the start of the next leg up to a new high to continue it's current uptrend.
BGL daily chart shows a triangle breakout.
buy it.
2W chart shows price @ resistance level
expect a breakout.
BGL:ASX - BELLEVUE GOLD - Ranging stockPretty text book example of a ranging stock to swing trade with a 20% range. Just for interest.
Picture PerfectIn the perfect spot for the next move. May see a minor dip so be patient & don't jump the gun
Any way the wind blows there will be a trade availableSupport levels in red dotted lines. Presented without comment
BGL - chart reviewThe breakout was 65.5 after the covid panic in March shookout the weak hands. Big money usually indicated by the rise up the 8 day. Century mark usually a psychogical challenge for any stock first time. might need a consolidation and chance for the ma's to catch up. If youre in, let your trailing stop take you out.
2 choices for BGL2 different fibonacci levels in 2 different time frames.
on 2W chart, it shows resistance..
on daily chart, it shows new highs.
so what to do? catch the pullback or buy
the new break out?
It is all about Gold ? Part 1I am about to post a few gold exploration & mining company charts where I feel there is potential for a price improvement. BGL is one of them. The price retraced from a high of $0.75c to almost touch the 78.6% fib level which it tested on 2 occasions. It has since started moving up & closed just above the previous top, close to the 38.2% fib. The price rally is probably just getting started for BGL & the gold price rally will probably drag it further up. Disc - not held but keen interest in the price action
Has PotentialKeep an eye on this one. After finding support at the 78.6% fib retracement level, it has started making higher lows. To be in a high probability trade it needs a break and close above $0.57c. Till then relax and watch. It is a Goldie so there is potential
Bellevue Gold - The optionsBGL has formed a H & S pattern and is currently at the neckline. The options available to BGL are marked on the chart
$BGL #ASX - Bellevue Gold LimitedBellevue Gold Limited, formerly Draig Resources Limited, is an Australia-based gold exploration company. The Company’s principal project is the Bellevue Gold Project, which is located approximately 157 kilometers north west of Laverton in Western Australia. The Bellevue Gold Project covers an area of approximately 27 square kilometers over three granted mining leases and one exploration license. The Company also holds interests in the Tribune Lode high grade discovery and the South Yandal Gold project.
$BGL #ASX - BELLEVUE GOLD LIMITED - LONGBellevue-Gold Limited, formerly Draig Resources Limited, is an Australia-based gold-exploration company. The Company’s principal project is the Bellevue Gold Project, which is located approximately 157 kilometers north west of Laverton in Western Australia. The Bellevue Gold Project covers an area of approximately 27 square kilometres over three granted mining leases and one exploration license. The Company also holds interests in the Tribune Lode high grade discovery and the South Yandal Gold project.
Its been having a nice consistent run lately with some good momentum behind it. Moving averages all lined up with price respecting them nicely and some volume coming through. Other technical indicators looking good overall.
Bought in yesterday at .32
I have a wider Falling Stop Loss at .304
$BGL.ASX, Daily - Took a position aiming for 39c$BGL.ASX, Daily - Price broke out of pennant formation, with indis showing bullish signs....Took a position aiming for 39c, Let's see....
GL!
