BBG
Click for more information
0.00% $1.05 billabong international limited

trading pattern

  1. dealer64
    729 Posts.
    lightbulb Created with Sketch. 14
    clock Created with Sketch.
    06/10/11
    13:29
    Post #: 9056917
    Seems the trading pattern I identified a couple of weeks back is in place.

    On a weak market day BBG trades around flat to close very close to flat. On an up day it surges 6-7% to close just off it's peak of the day.

    This is very positive and indicates that the SP has found a bottom and buyers will continue to chase higher in weeks to come. Any decent news from EU and US over the next few days could see world markets rally and BBG back through $4.00

    IMHO anything less than $5.00 is cheap on a medium term basis
    BBG Price at posting: $2.83 Sentiment: Buy Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Hillcrest Partners with Ocean Batteries to Deploy ZVS Invert
right-arrow Created with Sketch.
RDN If you thought lithium was dead, think again. The Pilbara will be central to the next upswing
right-arrow Created with Sketch.
GYG Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?
right-arrow Created with Sketch.
NEWS From the Floor: Perth conference highlights
right-arrow Created with Sketch.
FHE Frontier Energy achieves key milestone for Waroona energy project
right-arrow Created with Sketch.
NEWS From the Floor question: "Is lithium dead?"
right-arrow Created with Sketch.
watchlist Created with Sketch. Add BBG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.