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$94.73 blackmores limited

I caught the knife at 75 bucks. Worked out ok so far.

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Berger978456

3,546 Posts.

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29/09/19

21:30

Post #: 40629267
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Originally posted by NZtrader: ↑

Agree with usc75.

I've done a deep technical analysis on Blackmores... and I see a year of bad news...

Expect to find $49, $34 and $22.5 BEFORE end of 2020.

Today it has broken a 9 YEAR OLD trend line... and has some scary fibs being broken...

So some bad news are coming, as per the outlook.

I'll be waiting for $23 just to be nice.

This company could be selling pancakes or bikes, that's not the point, the market knows something. The 10X run in 2014 is about to find a -90% into 2020. I actually like some of their products...

The asx... where a billion dollar company go up 1000% then 90% down. Traders' paradise.

Good luck to holders. To the others, never catch a falling knife, and this one will be a long painful fall.

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I caught the knife at 75 bucks. Worked out ok so far.

BKL Price at posting: $84.29 Sentiment: Buy Disclosure: Held
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