Briscoe Group Limited (BGP.NZX)

10 August 2018

Technical Summary: The general trend for the stock of BGP is up over the 5 year chart. On a one year chart the stock has pulled back from $4 per share to a low of just below $3.20 per share. Since that time the stock has consolidated off these lows and largely trekked sideways. This could be setting up now for a breakout as volatility seems to be contracting. It will be interesting to see where the next move will be for the stock if it breaks to the downside or the upside. It is probable due to the lack of liquidity in the stock that any break will be driven by a news catalyst.

Will the break be to the upside or the down?

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