Buyers kick price higher so on watch to lock away some gains

Current Active Alert Management BCI

Time Frame : Daily

Sector : Materials/Basic Materials

BCI – BCI Minerals Limited

BCI has kicked on nicely as the price of iron ore continues higher overnight. We are now happy to raise the risk level to 0.195 from 0.185 and also to lock away some gains if price can push up to 0.26. We expect to see further strong buying as the underlying fundamentals are strong.

Stock Code : BCI – BCI Minerals Limited

Company Website : www.bciminerals.com.au

Current Price : 0.23

Previous Buy Entry (Trigger Level) : 0.205

New Sell Exit Zone (Stop Loss) : 0.195

Potential 50% Partial Exit (Partial Target) : 0.26

Status : On watch for continuation higher and partial exit

Alert History

Previous Alert 29/07/19

BCI has kicked higher on good volume and triggered the Buy Entry Level at 0.205 so the alert is now active. The Stop Loss is held at 0.185 and the current price is at 0.205.

Original Alert 23/07/19

New Buy Entry Alert BCI

Time Frame : Daily

Sector : Materials/Basic Materials

Key Stats : $75.55 Million Market Cap, VWAP 0.195, ASX Ranking 885, 4 Week Av Turnover $77,978, Current Turnover (Intraday as at time of alert) $24,114.

Company Overview : BCI Minerals Limited (BCI, formerly BC Iron Limited) is an iron ore development and mining company with key project in the Pilbara region of Western Australia. BCI’s projects include Iron Valley Mine, Buckland Project, Mardie Salt Project and Carnegie Potash Project.

Broker Consensus : Not covered by a major broker

BCI – BCI Minerals Limited

BCI has been holding higher levels since the start of the year as iron ore prices rise and buyers step up to the plate. We are happy to buy on a push up through 0.205 and will hold the risk level and stop loss at 0.185. If price falls below 0.185 prior to entry, then we are happy to cancel the alert and re-assess the action. BCI is a small share but has the volume to support a solid move and seems only a matter of time before a kick higher towards 0.30.

Stock Code : BCI – BCI Minerals Limited

Company Website : www.bciminerals.com.au

Current Price : 0.20

New Potential Buy Entry (Trigger Level) : 0.205

Potential Sell Exit Zone (Stop Loss) : 0.185

Status : On watch for buy entry trigger