BLG 0.00% 2.5¢ bluglass limited

Chart 100% recorded the sentiment/insecurity surrounding the...

  1. 1,211 Posts.
    lightbulb Created with Sketch. 188
    Chart 100% recorded the sentiment/insecurity surrounding the delay in the rebate.

    If the $7.3M rebate announcement was not delayed, there's no way we'd be at these levels.

    Personally happy we are - 5.8c resistance has been pounded and survived, so provides a nice floor. Oh and caught more than a few of those sweet low hanging dumps.

    Remember the conviction of the rise - the 6.8c wall got eaten pretty easily - nom nom.

    Then the rebate announcement was delayed by like, a relative millisecond and predictably (but not unwarranted), insecurity kicked in, coincidentally 100% reflected in this thread. And the market reacted according, albeit on super-cute volume.

    Perhaps it was smart money playing into the insecurity? But probs just insecure short term money - I honestly don't give a fark.

    Anyways, whatevs. So now we're here.

    Cup and handle plays out near term IMO.

    Breaches then successfully tests resistance @ 8c, then chills and tests etc etc.

    Then C&H from those March highs plays out and we smash through 10c.

    Disclaimer: all this TA goes to total sh1t if the CLAWS allocation surprises and/or they do another sneaky out-of-the-blue-CLAWS-like sales announcement in between.

    Cos then we could be talking cup and handles from like, 2020, or 2018...or even from mac's era.







 
watchlist Created with Sketch. Add BLG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.