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Sunday, April 15, 2007

BGD - Boulder Steel (ASX)

BGD having been sold off heavily has rallied back to its long term descending trend line (blue) and pulled back onto the 20 DMA and 50% Fibonacci support level. With the MACD and Stochastics in a bullish relationship a break of $0.415 would project a swing high target of $0.65 - $0.74