BCP : Needs to break above 18.60 to ignite the bulls

For the very near term BCP has support from 17.80 to 18 or so, with the formidable resistance level of 18.60 still the barrier for the stock on both a short and medium term basis. A breakout in coming days (or even weeks) at the 18.60 level has 19.30 to 19.40 as the target, with a move to 20 likely to be seen sooner rather than later for stock.

COnsider buying on a volume supported breakout above 18.60, or indeed if there is a low volume pull back to 18 or so early in the week.

 

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