Charts don't matter after major fundamental changes to the company. The chart is history of prior fundamentals that no longer apply. The future is not as bright as it used to be.
I would expect this to go lower in the next couple of weeks. Nobody had any warning about today's return to trading so those who wanted to get out on the 13th but didn't realise it was trading back online today will be getting out. Shorters were also closing out positions today (the reason for the rebound). People will be selling out after this debacle.
- Forums
- ASX - By Stock
- BAL
- The Chart
The Chart, page-2
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)