I'm pretty happy with todays technicals, another wick test of the 3c line. MACD tight, RSI sitting around midpoint, Bollinger band tightening...
Weekly chart, toched the bottom of the BB which is the tightest it has been for a while, still a couple of big overhead gaps, MACD still on the positive side (hoping for a bounce off the red), RSI has spent a bit of time in the bottom half now.
Stronger support came in today, I'm not celebrating yet but happy with todays trading. One more day for this FY, lets see what the next one brings. My simplistic view of the market is that an industrial revolution is a good sector to be in, this is the 4th. There will of course be ups and downs but this sector is where I feel most comfortable and in my opinion there is room for a lot of different players and tech to emerge, it just takes recognition of potential and investment to bring it to fruition.
I hope this plays out well GLA
BLG Price at posting:
3.3¢ Sentiment: None Disclosure: Held
