BAL 0.04% $12.88 bellamy's australia limited

Why BAL is heading to $9.00 and then 10 and 11, page-171

  1. 1,259 Posts.
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    It did happen and it went back to pre-speech SP.

    Took another (day) trade for 40c gain (bought yesterday $7.70-ish, sold today $8.10-ish). Getting a bit closer to break even.

    Chartwise (short term), it seems to be at a junction tossing between continuing the short-term uptrend channel or forming a short-term consolidation channel.

    As if it is in wait and see mode for Asian markets and global markets tonight.

    Will be very promising if it manages to trade above current prices ($8.10-ish), and more importantly the upper bound of the falling wedge (today's value $8.40-ish).
 
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