BLG 0.00% 2.2¢ bluglass limited

BLG chart, page-766

  1. 1,417 Posts.
    lightbulb Created with Sketch. 4436
    Since the CR was announced on 6th Feb the highest daily SP close has been 3.6c. In that time it has closed 5 times at that price. 3 of those 5 times were in the last 6 trading days. Options were listed on 10th of April and after the first few days very few sellers have hit the bid. Nobody waInts to sell, and it feels like a coiled spring atm. The CR has been very suc6cessful for participants so far and option holders are valuing future price at 4.6c + .008c = 5.4c. which was well within the trading range from Oct 23 to Feb this year.
    The chart has the MACD rising to the neutral line and the Money Flow Indicator is rising. IMO the gap is looking like it is a major target. May might spook some but lets see what the next week brings because a close above 3.7c and things could get interesting.
    Drones, lasers and defence systems against drone attacks are hot topics right now as evidenced by Drone Shield's performance. Bluglass is a sleeper here and is not helped by its name which certainly isn't is not going to catch the eye of market players.
    Am liking what I see here the chart is set up perfectly IMO. When and if this pops off it may surprise plenty.
    Last edited by Surfguy: 24/04/24
 
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Last
2.2¢
Change
0.000(0.00%)
Mkt cap ! $40.46M
Open High Low Value Volume
2.1¢ 2.3¢ 2.1¢ $20.92K 969.2K

Buyers (Bids)

No. Vol. Price($)
2 312090 2.2¢
 

Sellers (Offers)

Price($) Vol. No.
2.3¢ 44879 1
View Market Depth
Last trade - 16.10pm 04/11/2024 (20 minute delay) ?
BLG (ASX) Chart
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