$ASX:BCI - BCI MINERALS - Breakout from resistance on volume

BCI seems to be running well at the moment having broken out of a resistance area after several tests on strong volume. Bit overextended on the Bollinger Bands but all other indicators look like it could still have more in it. Might pull back for a bit after such a hard run so buyer beware. Worth a watch.

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.

Demand: 154 buyers for 4,475,492 units vs 83 sellers for 2,860,271 units

TradingView TA Opinion: www.tradingview.com/.../ASX-BCI/technicals/

Comment:

BCI looking good at the moment.

Comment:

Pretty close to its 17% trail. Will be interesting to see if this acts as support and the stock bounces. Its been making lower highs, so not one to rush into.