This post is about pricing channel and for those who's interested please click on the following site.
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:price_channel_contin
Bsl has fallen under this uptrend pricing channel, for some reason, this BSL doesn't like to consolidate, as we can see it from the chart, when she was in a down trend from 2008 Nov, she was in a down trend pricing channel and in june2009 we had a break, and she went up right the way.
How she has fallen out of this channel, trying to use the horizontal $2,80 as a support. Maybe she will now try and consolidate here, and go side way, I personally believe she will now in a fairly tight range for $2.84~$2.94 for a couple more days before making a move. Such move could either be a fall under $2.80 I will sell, or $3.18 again. Short term target is of course the good old $3.38.
I don't see any need to rush in yet. And yes I hold BSL.
Because I am such a honest person.
chart 14th of nov pricing channel
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Last
$20.51 |
Change
0.350(1.74%) |
Mkt cap ! $9.025B | |||
| Open | High | Low | Value | Volume |
| $20.15 | $20.62 | $20.08 | $24.72M | 1.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 19859 | $20.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.52 | 2656 | 1 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BSL (ASX) Chart |