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Guata, for those of us not into charts having read your earlier...

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nutcracker

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25/10/17

14:33

Post #: 28184472
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Originally posted by The Guatemalan ↑

Hi hurtadarryl -

For my viewpoint have a read of my post :

https://hotcopper.com.au/posts/28145532/single

on the Thread : Re: BGS chart !
particularly the last 2 paras.

As an update of my comment there
- about Market Depth buyer & seller numbers, and
- the # of shares wishing to be traded by each

have a look @ the current Mkt Depth page on your broker’s website.
where you can see the # of shares being bid for by buyers @ SP’s of 34c down to 32c.
These #s are relatively higher today than yesterday, I can assure you, at those same SP’s.

Note also the gap in bids from 32c down, i.e. no one wants to buy @ 31.5c or 31.0c.
That suggests to me that the majority of current bidders expect 32c to be the “floor” price.
Trust this opinion partly answers your concerns. Guata.

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Guata, for those of us not into charts having read your earlier post and then this one looks like you are certainly on the money, thank you for sharing I should rush out and buy a new thinking cap

BGS Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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