IMO because that upper gap (or around that price) matches the fundamentals (strips out all future potential, brings it to fair/attractive value, and de-risks the entry provided there won't be any mishaps).
But the lower one does not reflect the fundamentals (it's something like a crash scenario, and so is not going to be in play).
BAL - Chart, page-1455
-
-
- There are more pages in this discussion • 120 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)