BAL
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0.00% $13.23 bellamy's australia limited

BAL - Chart, page-1954

  1. Saragian
    4,780 Posts.
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    14/05/19
    15:36
    Post #: 38558779
    The break (and close) above both the $9.56c. level and the long term lower linear regression line occurred (simultaneously) on 04/03/19.
    Since then there have been TWO CONSECUTIVE closes below $9.56c. prior to a bounce...... on 17/04 & 18/04.
    THREE CONSECUTIVE closes below $9.56c. would not be a good look......a catalyst for further price weakness.
    Just my take.
    Cheers.
    bal_ax21nov18_to_20oct19.png
    BAL Price at posting: $9.43 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch. 4  Great analysis
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