EGR 1.04% 9.7¢ ecograf limited

The Predicatble Squeeze, page-82

  1. 813 Posts.
    lightbulb Created with Sketch. 166
    Yes BLG. My fat finger didn't hit 9, so to reiterate: if support at 29c doesn't hold then it doesn't bode well.
    Normally accumulation occurs in a tight range. A great example is BLG around 30/6/2016. Notice how it trades in a tight range with minimal volume? MFI and CMF are both increasing just prior to a big run. That is what I'm hoping will happen here! BLG seems to be range trading which is a sideways pattern. Not an accumulation pattern.
    For a better understanding of accumulation I suggest you read about dark pools.
    Remember, I'm just another bloke on the Internet!
 
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