BAL 0.00% $13.23 bellamy's australia limited

$11.50 or not, page-42

  1. 1,848 Posts.
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    Today we get a hammer .... a good reversal signal . Just pure TA comment. This sort of pattern is a primary down trend , 2 scenarios can happen here

    1 - like the above chart , former support turned resistance, respect that and resume falling will mean the primary downtrend is valid

    2 - reboud and stay above the rising trend line , it will be false break and GAME ON for the longs

    Chance for scenario 1 is higher.

    One thing is certain, BAL will go up now either take profit at 12.1-12.2 or go long term. It is your call
 
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