Australia's largest stock trading and investment forum Australia's #1 stock forum

BLG

Click for more information

3.03%

3.4¢ bluglass limited

BLG chart, page-601

First 601 Last

Share
Profile

Follow
kudo

133 Posts.

4

14/02/24

09:19

Post #: 72395306
Share
Originally posted by Wedgeman7: ↑

False signals
One of the most annoying things for technical analysts is dealing with signals that turn out to be false breakouts. Sometimes, this happens because the system is too sensitive, or the price movements are all over the place; it’s like trying to catch a slippery fish.
Dealing with false signals isn't easy. A more cautious approach might wait a long time before confirming a breakout, missing out on potential gains. A smarter way to handle it is by deploying a weight-of-evidence approach. When you see multiple things like indicators and oscillators pointing in the same direction, it's more likely that the breakout is for real.
Inefficiency in less liquid markets
Another limitation when it comes to technical analysis is that it might not work as well in markets that have liquidity problems. Why? Because the prices in these markets can be all over the place and hard to predict. Sometimes, big players in the market can make it look like there's a lot of demand for something when there really isn't.

Expand

HC shows that on 6/02/2024 I replied to you saying BLG price was not oversold according to my TA graph although you advised on buying it.
BLG closed at 3.4c yesterday.
BLG Price at posting: 3.4¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 224 more messages in this thread...

First 601 Last

Add BLG (ASX) to my watchlist

(20min delay)
Last 3.4¢		Change 0.001(3.03%)		Mkt cap ! $62.12M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.3¢	$18.73K	567.6K

Buyers (Bids)

No.	Vol.	Price($)
6	501569	3.3¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	37238	2

View Market Depth

No.	Vol.	Price($)
6	501569	0.033
8	948046	0.032
14	2294913	0.031
9	1644841	0.030
2	157243	0.029

Price($)	Vol.	No.
0.034	37238	2
0.035	559999	7
0.036	378138	5
0.037	644710	5
0.038	320000	2

Last trade - 15.37pm 17/06/2024 (20 minute delay)


Last 3.4¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
3.3¢	3.4¢		3.3¢	173297
Last updated 14.36pm 17/06/2024 ?

BLG (ASX) Chart

SPONSORED BY