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BAL

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$13.23 bellamy's australia limited

Hahaha you make me laugh mate. First you upramped for weeks...

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Golden Gregga

316 Posts.

101

28/09/18

21:01

Post #: 35921588
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Originally posted by godinvestor ↑

Probably I will sell all on Monday morning and buy back when it dumps afternoon. The only reason for our last few days' pump is that the shorters are fewer. However, after today's trading, the total volume increases about 125% of yesterday volume. If the volume increases much higher with no price increase, it is a very dangerous signal. As you know norges was just back, they prefer to short for few days. Long term is no problem, thus some traders buy back at the end of the day, but next few days should be panic. Four days green has made most buyers profitable, they prefer to make the next open price higher and go down back to 10$, also volume will decrease. Norges has borrowed a large number of shares ready for dump that's why we cannot up to 10.7$. Without them, we definitely have no reason to sell. For the double bottom, both uptrends should look similar, as we can see the uptrend started from 17th to 31th August: (1). 10.19$ back to 9.20$ (2). 10.84$ back to 9.73$ (3). 11.25$ back to 10.23$. After every two or three days pump, the price will be back to 1$ lower. We have enjoyed four days pump, so dump is more likely to happen in next few days, especially based on today's trading and it is more convincing. I really hope it can continue go up higher, but that's impossible for a share unless the CFDA will come but who knows????

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Hahaha you make me laugh mate. First you upramped for weeks saying that SAMR would be approved by today. Didn’t happen. Now you’re saying you’ll dump everything on Monday because of a flawed technical analysis you’ve concocted. If you’re so confident about the future of BAL, I’d avoid trying to trade and just hold on for 6 months. Ignore the daily fluctuations and you’ll be ‘right mate. You’ll get burnt otherwise. Just my advice.

BAL Price at posting: $10.23 Sentiment: Buy Disclosure: Held
7 Upvote

3 Great analysis

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