BBG 0.00% $1.05 billabong international limited

when will it stop sliding, page-69

  1. 733 Posts.
    lightbulb Created with Sketch. 15
    I think the bottom is in.

    At $3.46 you have a 81-82% decline from the 2007 highs and whilst things are tough I don't think they are terminal.

    A close on the highs today and above Fridays close would be a key date reversal, this is the strongest buy signal I know. If you need evidence go look at the chart for GDY on a semi key date reversal (ie not classic)

    It's all about the close people

    GL
 
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