BEN 0.34% $11.64 bendigo and adelaide bank limited

BEN @$10 within 24 months, page-13

  1. 35,449 Posts.
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    This ASX stuff up between BEN and BENPE might actually cause a huge move towards bullish resistance depending on how the algos and bots are set in the Australian market.

    Wall Street and the S&P 500 were up on Friday and had a good closing tick. if BEN is shorted, this move at 10 am Sydney time could blow the Shorters away.

    the newsflow with COVID and the gene vaccine, the positive Trump Administration and Mitch McConnell responses to the stimulus package, and the great economic data that the COVID doom has been overdone should also mean a fantastic week on the market. Based on lowball, oversold behaviors.

    Shorters would or should be worried about this sort of stuff because they could be forced to cover at much greater marks in a lowball market.

    due to illiquidity and the size, volume and Chaikin if the market, I doubt we will see $10 for BEN tomorrow but anything is possible. the ASX is very illiquid though and so even a big move up might put $10 in play in the next week or so IMHO but pls DYODD.
    Last edited by JCoure: 15/11/20
 
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