BBI 0.00% $3.98 babcock & brown infrastructure group

heading south ..., page-15

  1. 1,134 Posts.
    Not what I'm thinking...!

    Hello BBI-ER's,

    Here is a bit of technical analysis as to where I think the stock is going in the next few weeks.

    Fyi....I believe it is oversold and the stochastic suggests likewise, hence why I have collected them yesterday and today. There is early stages of a upward trend channel in white.

    The stochastic will more than likely cross tomorrow and hopefully turn up...we could see a 0.093c close coinciding with the 61.8% fib retracement line.

    Also the speed angle match previous runs and June 20 odd suggests a 0.13c share price which will coincide with the 38.2% retracement of the run from top to bottom.


 
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