BLG 0.00% 2.5¢ bluglass limited

BLG chart, page-640

  1. 14,483 Posts.
    lightbulb Created with Sketch. 7719
    I'd like to think that lower support levels won't be needed and here's why.

    Daily volumes are getting smaller and smaller indicating that selling has become exhausted and buyers are picking up the slack.
    MACD has a bullish angle of attack and should cross positively over the next few sessions
    RSI is just emerging from a very oversold territory.

    Now this is all pretty basic TA stuff but generally a good guide.

    So hopefully the current .032 - .035 range will confirm a bottom shortly and a move above that welcomed.

    All just my opinion.

    Cheers.

    https://hotcopper.com.au/data/attachments/5978/5978952-b4ba112d7ff50f82ba578713a988ce73.jpg


 
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