BIN 0.00% $3.44 bingo industries limited

She has been respecting the lower Bol since 2H last year....

  1. 6,141 Posts.
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    She has been respecting the lower Bol since 2H last year. Probability is that she will continue to do so, around 2.70-2.77 would be a good buy for me at the moment.
    https://hotcopper.com.au/data/attachments/1958/1958735-17e501152b392f6c8495ad9679a0d099.jpg
    A negative fundamental catalyst would need to be triggered to get her lower and disrespect the lower Bol range. An earnings impairment due to construction trash slowdown or integration issues with the DADI acquisition etc is a slight possibility but not in the actual horizon. If it does happen then a trip down to the 200ema ($2.39) is possible which consequently is around the vicinity of the current supporting trend line(blue). This would be were I will be looking for support and next buying opportunity.
    https://hotcopper.com.au/data/attachments/1958/1958749-b46195823acb8f1fb4f9fc84c23410d7.jpg
 
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