To those of you with funds and considering topping up BGS :
My 15-min & Daily chart indicators (MACD & Fast/Slow Stochastics) tell me that Friday’s bounce back upward from 27, & today’s further advance to a peak of 33.5c, is just that – a bounce-back.
On my 15-min. chart a weak 1st support level exists @ 29.5c - the max. reached only 3 times on Wed. 04 Oct.
The next lower support level, & IMO the stronger one, exists @ 27.0c - the max. reached 11 times on 05 Oct.
Also, @ time of posting Commsec’s Quotes’ page shows the two highest
number
of buyer levels (not their correspondingly sought lesser significant volume levels) –
and below the last trade @ 31.5c – are
11 @ 30.0c, and
9 @ 27.0c.
If I was a patient “topper-upper” and prepared to miss out by not bidding @ 30.0c. I’d put in a bid @ 27.
IMO this “lull” trading-period - before any revised PFS is released –
is when TA comes into its own, to be taken advantage of, funds permitting. Guata.
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