Potential outside week and bullish potential for BCIEntry conditions:
(i) higher share price for ASX:BCI above the level of the potential outside week noted on 5th December (i.e.: above the level of $0.405).
Stop loss for the trade would be:
(i) below the low of the outside week on 2nd December (i.e.: below $0.365), should the trade activate.
BCI Minerals Ltd
No trades
Trade ideas
High R/R Opportunity from Key ZonesPrice has recently rallied into a key supply zone, so a reaction or rejection from this level is expected. While the projected path favors continuation, it's crucial to monitor the $0.320 support area. If we see a strong weekly bullish hammer-style candle with a solid close into this zone, that would trigger a long entry.
If price fails to hold $0.320, attention shifts to the $0.290–$0.270 range, which should act as a deeper support zone. From either level, the upside target remains $0.430, offering a compelling risk-to-reward profile for a staggered entry strategy.
$ASX:BCI - BCI MINERALS - Breakout from resistance on volumeBCI 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
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