BPT 2.46% $1.25 beach energy limited

creepin , page-3

  1. 3,656 Posts.
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    Speaking of charts, I tend to look at up and down trend lines (when I'm not calculating fundermental value). BPT is acting in a classic way. It has just risen to meet a two year downtrend at 71.5c (0.2 cent short - I count that as touching)and has now retreated a little. Any convincing break of that downtrend (now at 70.5c) cshould see a rise to Odysseus' support levels. The 80c support dows not seem very strong, but the 99c/$1.00 supoort should take a while to breach. If the charts speak true, which they do not always do.

    I've written elsewhere here of the amazing underlying value in Bridge at these prices. That is better than any entrail reading. Eventually the sp will reflect that value.
 
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