The shorters are having field day on advantage from wall street meltddown which asx sincerely follows.
Technical indicators are guided and reinforced by state of market which operators manage. The fundamentals are not poor but are on track as per guidance albeit at a realistic level factoring SAMR approval delay but market does not appreciate this. Is Bellamy's responsible for the delay?
The delay in approval is the only primary cause which enabled whacking of SP by shorters.
BAL Price at posting:
$6.81 Sentiment: Hold Disclosure: Held
