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Ann: FY19 Investor Presentation, page-16

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22/08/19

11:43

Post #: 40094231
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Originally posted by imback: ↑

Yes, that's the chart I'm looking at. That trend line is intact at this point. Yes, 50MA at 238c is important. The 200EMA is at 216. So good support there.

The main issue is that the shares have been shorted 10% on expecting a miss or negative outlook. This has not been the case. That's all that matters in the short term. Bots(quant trading) may have also worked it down just based headlines. The retail investors and other bots have helped by selling into that. Once these numbers and outlook is processed, we will continue the uptrend. IMO DYOR

Shorts have been trending down and will continue to do so...

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Agree. Not the best stock to short IMO.
1. BOL is in a tight trading band
2. Very clear golden cross mid-July
3. Fundamentals is solid although at a higher debt to equity ratio.

BIN Price at posting: $2.25 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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