Markets are on general path down. BVN is setting up nicely to buck that trend.
Long Term S/R Level at 16.37 is in the process of being broken. Notice the periods highlighted in yellow. Breaking 16.37 is not just a simple 52 week high or hourly, blah blah. This is nearly a 6 year ceiling that is being broken The last time this type move...
This is one of the more extreme gold miner charts I've seen.
It dropped a whopping 75% in 2015 alone, and then got it all back in 2016. Wow!
Not to mention, it made higher lows in 2017.
If it continues to rally there is very little resistance. It probably will, since Gold is strong and USDollar is very weak (failed intermediate cycle).
An entry here offers...
Be brief, do not doubt that the price is showing intentions towards the resistance level around 14.60
Technically this resistance line it has not been broken or is confuse, but the bullish gold futures support this idea