The current technical configuration suggest a high chance of more gains for the BSCCL.
The price has established a tendency trending between 100 to 110 level. The latest rally has managed to take all sort of moving average and short term falling trend line at 106 . That was followed by a throwback(retest) towards that broken resistance and a bullish rebound again, where the price printed a hammer candle. which may be (I repeat may be) the corner-stone for an uptrend.
According to my analysis approach the odds are in favor for more upside, where taking the mid term horizontal resistance 113 targets 118 as the next target. For my bullish bias to remain dominant , I don't want to see a break back below 106.70 which is the lowest point of today's candle.
ALLAH vorosa
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