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0.04% $12.88 bellamy's australia limited

I also think we may struggle to open higher today.  US market...

  1. prosperity
    4,372 Posts.
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    08/02/19
    08:01
    Post #: 37371457
    I also think we may struggle to open higher today.  US market sell down will put plenty of pressure on the longs.  But shorts want this to go up a bit to suck in buyers, so seeing $9.60 would not surprise me, however $9.75 would surprise me 

    Tread carefully as we need big volume buying to scare shorters.  I expect <100k units to bring this to $9.60 and then 2m units mostly above $9.30 to see this back to $9.
    BAL Price at posting: $9.35 Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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