We recently suggested monitoring Bell Canada $BCE around BCE $42-$43 for support. Indeed price reached into this area and the support held.BCE Daily Chart(click to enlarge)Range Support:- As we can see on the daily chart, price hung around 42-43 in the past couple of weeks.- So far, it looks like we were right about this support holding, which opens up the $45-$46 target. - This is a conservative target because it represents the middle of the range. The $49 (top of the range) is an aggressive target. - It should be noted that the prevailing trend entering this range was bullish, which makes the aggressive target more viable than if the prevailing trend were bearish.