CWN
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0.25% $12.09 crown resorts limited

Another reason Packer might have been happy to pay $12 is that...

  1. sergeant
    4,270 Posts.
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    19/11/15
    12:10
    Post #: 16431627
    Another reason Packer might have been happy to pay $12 is that he knew eventually it would get back up there, and if it tries to break up from $12, which is MAJOR MAJOR resistance, he's helped the cause by taking out a fair whack of supply at that resistance level. Result: a move through $12 should be easier and quicker. (we've been trying to break $12 since 16th Oct. Maybe this time it will happen )
    Incidentally, the volumes are fairly high today on an upday...good sign

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    Last edited by sergeant: 19/11/15
    CWN Price at posting: $11.95 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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