BGT 0.00% 4.3¢ bio-gene technology ltd

BGT Chart, page-126

  1. 4,225 Posts.
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    Good to see the naysayers have kept quiet during this nice uptick.
    The writing was on the wall with one of the largest weeks of volume taking place last month followed by sustained accumulation of stock. Broker data further confirmed this with insto's soaking and retail letting them go in frustration.

    Yesterday marked the largest volume day in the history of BGT, subsequently with having the 2nd largest day occurring less than a month earlier. With only 110 mil SOI this price action was just a matter of time, given that the loose stock was absorbed and done so at a discount due to impatient holders. Now the question is can we break through the 21c resistance and sit above IPO price for enough time that those whinging about seeing red for do not sell for break even and see the blue-sky potential for where BGT's valuation should realistically sit given its recent validation.


    It's a fine looking weekly chart and  I couldn't be more comfortable holding based entirely off of FA alone.


    Well done holders. The future looks bright.
 
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