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3.6¢ bluglass limited

HC shows that on 6/02/2024 I replied to you saying BLG price was...

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kudo

133 Posts.

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14/02/24

09:19

Post #: 72395306
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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.

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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

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(20min delay)
Last 3.6¢		Change 0.000(0.00%)		Mkt cap ! $67.60M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.6¢	$29.40K	814.5K

Buyers (Bids)

No.	Vol.	Price($)
1	3900	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.7¢	309117	2

View Market Depth

No.	Vol.	Price($)
1	3900	0.036
11	1239270	0.035
3	2228000	0.034
9	4439104	0.033
6	616160	0.032

Price($)	Vol.	No.
0.037	309117	2
0.038	393487	2
0.039	425000	3
0.040	286549	4
0.041	631540	5

Last trade - 11.55am 22/05/2024 (20 minute delay)


Last 3.6¢			Change 0.000 ( 0.00 %)
Open	High		Low	Volume
3.6¢	3.7¢		3.6¢	703924
Last updated 12.04pm 22/05/2024 ?

BLG (ASX) Chart

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