BGI Birks Group - Monster Potential on 205M$ Assets (6$ Value trading at 1$)

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Birks Group

The Company operates 26 stores under the Birks brand in most major metropolitan markets in Canada, one retail location in Calgary under the Brinkhaus brand and two retail locations in Vancouver under the Graff and Patek Philippe brands. Birks Collections are available at Mappin & Webb and Goldsmiths in the United Kingdom in addition to several jewelry retailers across North America.

Reference: Finviz
Float : 4.32 M / O/S : 17.97 M

Technical

When I analyzed the BGI technical, I figured they had very similar technical pattern to $MSN. Ask me how?
  • Closed over all 3 major SMA inspite of a red day
  • $MSN hit 1.65 and had resistance, fell next day to 1.20s and bounced.
    • Once it broke 1.40, it took off to 2$+
    • Same applies here, I see a small resistance near the 1.40
With retails being HOT, CTHR hitting 2.70+, I see a valuable position in BGI.

Price Target: Break over 1.40 (achieved) > 1.69 (achieved) > 1.97 (so close) > 2.90 > 5.15+








Updated Chart as of 5-Feb

Broke over the purple line cleanly with stair step price action intraday. We are nearing 52 week high now and this has great potential to continue the run.






Disclaimer: All these are my trade opinions only and not trading advice.

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