BAL 0.00% $13.23 bellamy's australia limited

Wow, congrats to longs who bought low and shorts who sold...

  1. 30 Posts.
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    Wow, congrats to longs who bought low and shorts who sold highs!

    Admittedly, I missed the buy in at ~9.60 despite me watching it closely at the point of convergence for support indicators I noted in my previous post. Was waiting for some upward momentum, but this came out of nowhere!

    Bringing it back to the charts for some 20-20 "hindsight" wisdom. I only want to add one thing about a nice confluence Fibonacci retracements and time projections (black magic voodoo stuff for some...) I noted two days ago but failed to act on quickly today:

    1) 1 fib projection from 18/10/19-24/12/18
    2) 0.618 fib retracement from 28/2/19-2/4/19
    3)1.272 fib extension from 14/3/19-2/4/19
    4) 1 fib time from 7/2/19-27/2/19 projected from high on 2/4/19 - 15 trading day symmetry, hitting perfectly on the 1 red line (wow).

    Align this with the 200SMA/trendline/support line at ~9.2-9.3 and magic happened today. :O
    https://hotcopper.com.au/data/attachments/1518/1518608-47dfb2420d080587960b8da4f470d978.jpg

    Last edited by Yonxi: 24/04/19
 
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