Received an email today from bnpparibas suggesting that they thought the low of $8.42 may be the bottom.
The included a log chart where the recent drop of 35% in price looked like a minor fall. Isn't it amazing how log charts can change the appearance of charts.
You can subscribe to their newsletter (on warrants mostly) for free at www.parity.com.au.
I have friends who are buying today based on recommendations from JB Were and others like here who are expecting a fall in the price. It will be interesting to see what happens tonight.
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brambles industries limited
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