BLG 0.00% 2.8¢ bluglass limited

BLG chart, page-610

  1. 898 Posts.
    lightbulb Created with Sketch. 243
    There is a few interesting things going on here on my daily chart

    Big gap down to below CR price followed by a bullish divergence, then a rise to 3.6 which was previously support off a recent low. There is a death cross on the EMAs, recently the death crosses have been short lived (more like a test)
    https://hotcopper.com.au/data/attachments/5973/5973655-dccf3151fa4052a508e1ae1a63f3f882.jpg

    The RSI is deep in the oversold territory, it hasn't gone there too often. On the left was Feb 2020 then Jun 2021. There are 2 big gaps above and more support levels below
    https://hotcopper.com.au/data/attachments/5973/5973699-07e868c5fe3f14e5f942f13ffa10888e.jpg

    I have bought a parcel and will be watching for a top up from here
 
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BLG (ASX) Chart
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