BBL : Confirming next target at 191-195

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.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: