Further to my last post, I see that Dow futures are currently in the red and London is trading significantly lower. Another down night overseas will impact our markets tomorrow. This earnings upgrade SHOULD see VBA in the green tomorrow but whether we will get the rally this announcement deserves may depend on whether the overall market heads south again. The breakout in price into the 60s a few weeks ago (on the back of the Flight Centre upgrade) was aborted by the recent market pullback. That might happen again.
Trade with care and DYOR.
VBA Price at posting:
55.0¢ Sentiment: ST Buy Disclosure: Held