In a 10 minute period someone sold 20,000 shares into a brick-wall of buying around 10:05-10:10 this morning. I'd say this is the bottom, or near enough too, for anyone who's considering entering.
There's further $millions of buying waiting below 116. Anyone shorting into these buyers is encountering substantial risk, and you'd have to think the genuine sellers are gone.
It will be interesting to see the price action next week. It may be difficult to form a sustainable rally, given people will look to take profits off the table around 126-131.
I think a genuine catalyst may be needed to break 131.
BKL Price at posting:
$117.15 Sentiment: Hold Disclosure: Held
