BPT 0.39% $1.28 beach energy limited

POO Breakout, page-4

  1. 4,906 Posts.
    lightbulb Created with Sketch. 311
    Hi All

    If I were a TA guru, and I'm not by any stretch I would say, judging by the flag/pennant pattern just formed and a resumption of the trend, that a push above $0.80  would be bullish and may signal a move back to the circa $1.00 mark.

    Given that, and I hear this all the time, the market is a discounting mechanism, we might be seeing, 6-12 months down the track, some normality in the POO fundamentals.

    Am I right - who knows?????. In fact who actually does know is exactly the point. No one really saw the massive drop off since 2014 and if I was a betting man no one will see the normality or new bull market that is (might) be coming.

    Cheers
    BW

    Screen Shot 2016-04-29 at 1.32.12 PM.png



    _______________________________________
    There are known knowns. These are things we know that
    we know. There are known unknowns. That is to say, there
    are things that we know we don't know. But there are also
    unknown unknowns. There are things we don't know we
    don't know.
    Last edited by barneyw: 29/04/16
 
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