BBL : Will fly when breaks 170

BBL’s long term quarterly chart below is a thing of beauty, and really does suggest the stock will hit 195 or so before long, with 170 the next breakout point.

However in our view we would consider buying at 155-156, or indeed on the breakout above 170 when geopolitical issues calm down.

For the VST 161.50 is first support, then 158. Major resistance is seen from 166 to 170.

 

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