ALL 2.53% $51.01 aristocrat leisure limited

re: the final washout (geffa) Hi geffa, watch the close. If ALL...

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    re: the final washout (geffa) Hi geffa, watch the close. If ALL closes below $1.10 then imo its heading for the wreckers.

    There is no obvious next step which in my experience means that an open or close below the $1.10 retracement (which is a 161.8% fib) would have flashing red lights all over it for long term holders.

    Conversely $1.10 is a buy with $1.05 the intraday stop loss if you must play with this one.

    I think its worth repeating an old management mantra though - Failed Management will usually Fail Again.

    Cheers,
 
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