BBL : The 1997 high of 195 is the target for a break > 170

BBL’s yearly chart shows the stock at its very long term 61.8% Fibonacci retracement , with a breakout above 170 placing 191-195, then 215 to 220 as its next targets.

Currently at 167.50, it does not look as if today will be the breakout event, but if it is, this will be a very bullish sign for the sector and indeed the market as a whole.

 

 

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