BXB Finds Support

BXB (Brambles Limited) formed a bullish flag starting in March. The projection for the flag is around $8.00. For the short term, $6.50 is likely to be the next target before finding any resistance.

If the exact same trend lines are transferred to a daily chart a double bottom on support can be noted as well has Higher Peaks, which tells us the bulls have control right now

 

 

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This entry was posted on Thursday, July 30th, 2009 at 4:46 am and is filed under Stock Market Guide. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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