BLG 0.00% 2.2¢ bluglass limited

BLG chart, page-619

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    All good Slick. Nothing wrong with some confirmation, more charts here would be ideal too so don't be shy.

    This is a tricky one to try and find a potential bottom for. I've put the FIB tool over it on several different swing measurements but thats useless because the SP has already dropped through all of the levels. There is a pretty condensed set of horizontal supports below so the market depth will be important to watch. I did find a potential price target that interests me if it does drop further, the SPP will take a few weeks to get out of the way and anything could happen in that time, so I'm watching. If it drops I'll triple my holdings, but anything from this price point down seems like pretty good value to me.
 
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BLG (ASX) Chart
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