There are some optimistic technical indicators of significance all taking place at once, and coinciding with near term news on the horizon.
BGT could be in store for a re-rate.
Those who recently got in I think have timed it quite well, I evidently was far to early on BGT. This year should hopefully make up for the patience of those who've held from the beginning.
- Bollinger Bands are tightening considerably after a long period of soaking at the 13-14.5 levels. These tight bands usually follow a period of high volatility. The last time this took place (purple squares) BGT quickly ran from 13c to 22c.
- Inside Schiff fork downtrend now outside of the highest part of its channel. Next few sessions will confirm if it bucks the trend.
- Sitting on the 236 of the Fibonacci retrace from the recent high of 22
- SMA50/SMA 20 golden cross looming.
- Weekly chart closed with a bullish engulfing bar encompassing the last 5 weeks (Strong indicator of supply thinning)
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Last
4.5¢ |
Change
-0.001(2.17%) |
Mkt cap ! $9.061M |
Open | High | Low | Value | Volume |
4.6¢ | 4.6¢ | 4.4¢ | $13.46K | 302.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 22500 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.5¢ | 99999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 22500 | 0.044 |
1 | 118000 | 0.040 |
1 | 150000 | 0.039 |
1 | 120050 | 0.037 |
1 | 64000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.045 | 99999 | 1 |
0.053 | 11511 | 1 |
0.054 | 59999 | 2 |
0.055 | 118498 | 1 |
0.061 | 225000 | 2 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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BGT (ASX) Chart |