BKL has quickly moved up since the post below, initially suggesting a target of $81.20 but it has now indicating a higher potential target at $84.50 - $85.00  As noted ealrier it remains a potential long term trade.

BKL 24Nov20

13 November 2020

BKL is coming off what could be a cycle low,  has made a double bottom (signifying potential for a strong rise in price), closed above a downtrend line for 2 consecutive weeks and made a higher trough and higher peak. This stock has some political risk given its reliance on the Chinese market and as a new uptrend has not yet been confirmed the possibility of lower prices remains. Considered as a potential medium to long-term trade.

BKL 13Nov2020


Robert Norman

Phone: 0428 346 951
Email: robert@sharecharting.com.au
