BKL 0.00% $94.73 blackmores limited

Bkl has been in a down trend since it hit $220 The stock took...

  1. 1,848 Posts.
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    Bkl has been in a down trend since it hit $220

    The stock took ages to form support and the spike just happened from no news, has been hard to predict where the sp go due to the bids are scattered in bits. I hv stopped trading this thing since few months ago , i get eye pain and headche looking at the price moving on tiny volume and couldnt form a good picture of whats going on....

    When a high pe stock cannot continue qith growth this is what happened. At $130 i would say 75% long term holder bought during the media hype are now on a loss.

    TA wise todays candle is a massive darcloud cover one has ever seen, will find support when the PE comes down to a realistic level, long road to go though
 
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Currently unlisted public company.

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