BAL bellamy's australia limited
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what is wrong, page-41

  1. ProfessorBen
    9,065 Posts.
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    02/07/18
    13:43
    Post #: 34083171
    That is what TA suggests. We have 200 EMA and the long term uptrend line sitting there at around $15. IMO, you need a serious downgrade of the stock by some bad news to break those resistance levels. Otherwise on no news, that is where every previous leg has consolidated to. So, I would say it should be a buy now, unless otherwise proven.

    We might have one more small cycle in the downtrend channel, but SP shouldn't get any lower.
    BAL Price at posting: $15.08 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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