JBH 1.41% $79.84 jb hi-fi limited

good sign, page-7

  1. 2,304 Posts.
    JBH is overvalued. I notice of late stocks in this sector seem to be rising. Really strange considering the sector is struggling. I think the rise is more related to being oversold for so long. Rather than anything of substance. Similar to HVN, it is gone up on hot air also. The current rally in JBH has created a bearish topping pattern. Similar to COH and REA before they took a massive dive. I have gone short today over $20.10 and expect in the coming weeks will see it slowly deflate. Not saying this is the exact top, it could be. But it is getting close.
 
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