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.
