BG.

Hi Diver993,

I am not familiar with fib expansions.

1948.50p target? Entirely possible over a 18 month 2 year cycle.

I know BG. have a pipeline of discoveries they will start producing from over the next few years.

The fall was because they don't pay big dividends and when they announced profits to be static for the next year the market took profits.

But I see this share as a good opportunity in short and long term.

Thanks for your chart.

screencast.com/t/i3iqlvUXn



So, how good are fib expansions eh?? The current wave C forecasted at 980; the actual made 991. Of course, it might not be over yet but it did turn yesterday:) The next wave up, hopefully the one we are already in, should make a minimum of 1948.50, according to the fib expansion - if I've got it right:) Obviously that will be a combination of, probably five moves; it will not be a straight line progress.
It will be interesting to keep an eye on this one and see how it progresses

This is looking pretty good now with a likely hammer today right at the 61.8% Fib and multiple support. Here's the weekly wave count I posted on another thread:



dl.dropbox.com/u/20815047/BGweeklywavecount19_11_12.gif

Weekly chart



The main trendline is at 955...so if you can put the stops below this as its an important line.

DYOR
remo

For those that follow BG
This is in the support zone now



Stops have to be below 966. This is a must.
The risk to reward is good on this one.

DYOR
remo

Selling.

As remo said previously, you sell at resistance points. I have these at 1105.7,1177.9. (IG)

I have tried to do the fibs the other way around, to get targets? Is this ok?

The 50% fib and the horizontal support are at 1177.9. 2 areas of resistance.

dl.dropbox.com/u/21384991/bg%20chart.png