BAL 0.04% $12.88 bellamy's australia limited

BAL - Chart, page-315

  1. 189 Posts.
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    Chart still looking good I think, although critical time over next few days.  @hoots care to comment if you have time?

    The bad;
    So close to trend and support lines could go either way, especially if A2M has bad news and shorts attack, or US Markets tank.

    The Good:
    ABC Correction Wave complete
    Touched support and held all day, small rally at end of day.
    Overhead Gap at 8.67.  For this to close it needs to break the B-C down trend channel.
    Still above 50EMA (has held for 3 weeks vs below it for last 8months, and now trending upwards)

    This is exactly what I have been waiting for, life breathed back into the chart!  Im getting excited.... if wrong then I will go back to bed for a few months !  biggrin.png

    All IMO and GLTA!

    https://hotcopper.com.au/data/attachments/1443/1443997-e23b1e385ef2203604ff9f2ae401dfd7.jpg
 
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Currently unlisted public company.

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