TRADESETUP

February 13, 2020

Price spikes higher as buyers draw a line in the sand for support

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Potential Buy Entry Alert to Watch BGL

Time Frame : Daily/Weekly

Sector : Materials/Basic Materials

Key Stats : $304.9 Million Market Cap, VWAP 0.55, ASX Ranking 485, 4 Week Av Turnover $721,975, Current Turnover Intraday $728,235 (11:55am AEDT).

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 has spiked up off the 0.45 zone as buyers draw a line in the sand and hold support. We expect that the move will drag in further buyers to support price and hold minor higher levels to build the buy entry setup. Also, if Gold kicks higher on the back of further virus concerns, then price will start to get a move on.

Stock Code : BGL – Bellevue Gold Limited

Company Website : www.bellevuegold.com.au

Current Price : 0.555

Status : On watch for potential higher low and push up through 0.60

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