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1 year ago

BAL still make powered milk and money.

In case you may have missed it we reported BAL back in February  ( see below ) here’s the update.
The daily chart topped at $5.43 with a gravestone followed by a down close candle.
Today a retest of the $4.50 resistance / support level has taken place.
This is the buy zone with stops at the support level of $4.50

Reporting 28 / 8 /2015
BAL

 

 

 

 

 

 

 

 

 

 

 

 

BAL  Ballamy’s    Recent listing doing well. Suppling Walmart stores in China

Bellamy’s Organic started in Launceston, Tasmania in 2004 as a family-operated company. It was the first to offer an organic baby formula range to Australian mothers.
Tasmanian Pure Foods Ltd purchased Bellamy’s Organic in 2007.

The Weekly chart continues to show strength with the issue trading over $2.00
Last week showed a continuation candle.
Expect higher price in the near future, on low volatility.

BAL
Comments 12/01/2015
BAL  Ballamy’s    Recent listing doing well.
Suppling Walmart stores in China

Bellamy’s Organic started in Launceston, Tasmania in 2004 as a family-operated company.
It was the first to offer an organic baby formula range to Australian mothers.
Tasmanian Pure Foods Ltd purchased Bellamy’s Organic in 2007.

The Weekly chart shows from the listing early September a trend is starting to emerge, although not confirmed.
What should be noted is the price now above the “mid point” of the rejection period at the November high.
This can be quite bullish now that the trend is developing.

BAL