BBL : Confirming next target at 191-195
March 30, 2011 Leave a comment
On March 9 we said of BBL, ” 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.”
The stock hit 172.50 today, and by doing so gives us final confirmation of the first target above – 191 to 195 for BBL.
Consider buying if not already long as near 170 as the market offers.