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0.04% $12.88 bellamy's australia limited

50EMA is at $9.09. There is no current sign of this happening....

  1. anthonybu
    189 Posts.
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    19/03/19
    18:47
    Post #: 37814690
    50EMA is at $9.09. There is no current sign of this happening. BAL would need to break 2 major support zones, plus the 200EMA. Not a good plan to target the 50EMA at the moment IMO. The best bet right now is to buy if it exceeds the two recent candle highs at 11.25 and 11.50 on a show of strength (eg: 100K+ line wipes and high volume buy stack following it). My TA still showing target of 12.50s is more likely than any significant drop.



    BAL Price at posting: $11.15 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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