BIL brambles industries limited

Below 8.10-830 on bil u have pretty much air down to at least...

  1. 235 Posts.
    Below 8.10-830 on bil u have pretty much air down to at least 675-690 area, according to my weekly chart...So assuming 800-810 is taken out on bil Monday which I believe is likely atm..then I see say 680-690 poss in the near future (a matter of weeks max'm) ...I dont expect that sort of fall in one day..but you never know what irrational sellers are capable of.
    Personally if I was long this stock I wld have my hand on the rip chord otf the emergency chute in case it broke the low 800's support zone ..Its likely that US markets will have an up into a lower high by mid week next week imo..so even if stuck could get a chance to get out at this trapdoor resistance level ..ie low 800's-zone then (imo) ..fwiw..best put i saw on this was bilst ..but i ended up buying bank puts on Thursday instead.
 
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