Perth Broker Recommends BKL

While looking for BKL price charts on Twitter, I found a Perth, WA based fundamental and technical analysis advisory broker (Taylor Securities) who issued a research note to clients back on 10/10/17 recommending going long on BKL at around $123.

I wasn't aware of their existence till recently, but some of their other recent calls (GEM, IVC, SPL, GXY) have performed well. I currently subscribe to a Melbourne stock advisory service who cover the top 200 ASX stocks. This is fine for now, but eventually I may want to branch out into the ASX 500 which Taylor Securities cover.

The Perth brokerage firm recommends putting no more than ~ 10% on any stock which is consistent with my own trading plan rules. Good to see someone qualified in TA and FA doing research on the potentially best performing ASX stocks.

Their entry into BKL was based on a trendline breakout, also some proprietary moving average and slow stochastic technical analysis. Their BKL price targets are $150, then $200.

https://twitter.com/taysec_tweets