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$13.23 bellamy's australia limited

This will probably go down to 10 dollars at this rate.

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stargate334

1,247 Posts.

22

02/07/18

20:49

Post #: 34093482
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Originally posted by bensh10 ↑

I agree, A2 “likely” continues to drop (I am a holder of that too, likely drop to around $10). It is currently completing that short-term downtrend (range trading). But, BAL is in a more delicate situation, breaking 200 EMA was not good. But if we can hang in here, and move along the 200 EMA or that uptrend line just below, it would still be considered a good buy IMO. But, a significant drop below the 200 EMA in most cases means something is wrong. You could be right. But I personally wait to see what happens tomorrow. Also, I believe we have a few upcoming key events, RBA, etc, which means the market was in protection mode today.

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This will probably go down to 10 dollars at this rate.

BAL Price at posting: $14.94 Sentiment: Hold Disclosure: Held
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