Hi Function, agree i dont like unfounded statements on SP predictions .I prefer to say i feel that it will move up substantially and give a range of price (in this example $165-$180)
I invest based on TA & FA and also look at momentum and have traded in and out of BKL on several occasions sometimes winning sometimes missing opportunity but overall on a good profit.
This company ticks most boxes for me, i was tempted to try a trade (sell at 159 re enter at 155) but for the % gain i felt it wasnt worth the risk. I dont want to be out of this stock for very long as it moves quickly
Theres a few reasons that i feel bullish
Its still sitting above its MA
Its had a positive move up in the lead up to the FY reports
history of outperforming its guidance
history of revising any guidance moves prior to the FY
As a business its profit is outstanding
many more....
GL with your trade, i think you may get a chance to buy back on a bad day if it dips to the 150 mark , but im thinking that may be a new support level soon. but hey who can guess the market these days!
- Forums
- ASX - By Stock
- BKL
- BKL Chart
BKL Chart, page-412
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm