BAL 0.00% $13.23 bellamy's australia limited

BAL - Chart, page-1190

  1. 30 Posts.
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    These are my support/resistance level in red boxes (I never use fine lines as it usually bounces within a range). Bit messy of a chart and purely subjective of course.

    "Guess"-timations of a convergence at 9.20-9.30 (red circle)
    1) 0.618 retracement line
    2) Support line from previous high
    3) Upward trend line
    4) 200 MA blue line slowly trending up

    27th Feb was reporting day, and I consider that candle an overreaction, therefore excluded to a certain extent with my Fib retracement point and trendline drawing. Again, very subjective.

    That all said, I'd always place more emphasis on money management, and not losing what I can't afford with stop losses.

    Good luck all (to both shorts and longs!). You guys amuse me. https://hotcopper.com.au/data/attachments/1503/1503717-ceab8acf0c6a57e5980e3926ce6128d1.jpg
 
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