BGT Gap Fill and bounce towards 17c - 21c channel
BGT failed its contiunation of the falling wedge breakout last week due to macro economic conditions as did many stocks globally. BGT appeared to hit bottom as the fear selling was mostly absorbed.
The 14.5c gap (Red dotted lines) was filled and promptly bounced back to 16.5. R% back into the oversold territory and with the macro markets bouncing globally BGT could see a decent rise back into the 17c channel.
The 14.5c gap (Red dotted lines) was filled and promptly bounced back to 16.5. R% back into the oversold territory and with the macro markets bouncing globally BGT could see a decent rise back into the 17c channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.