Buyers are poised for a move higher as they support higher levels

Potential Buy Entry Alert to Watch BGL

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $273.1 Million Market Cap, VWAP 0.58, ASX Ranking 463, 4 Week Av Turnover $425,684, Current Turnover (Intraday as at time of alert) $400,491.

Company Overview : Bellevue Gold Limited (BGL, formerly Draig Resources Limited) holds the Bellevue Gold Project in Western Australia. They majorly extract Gold.

Broker Consensus : Not covered by a major Broker

BGL – Bellevue Gold Limited

BGL today sees increased buying interest as price pushes up 6.25% from the open. News out of a presentation in Sydney ( Click Here for Presentation ) has been well received by traders as price breaks up out of a descending channel. We are now watching for a pullback to build the higher low for the buy entry setup.

Stock Code : BGL – Bellevue Gold Limited

Company Website : www.bellevuegold.com.au

Current Price : 0.59

Status : On watch for potential higher low and move through 0.675