Watch these dangers signs with Boral (BLD)

by Michael Gable

BLD appears to be at the crossroads here in the short term. Since finding a low in October, it has staged a 3 wave rally but failed at some obvious resistance and then pulled back. This recent rally could be a counter trend move against the overall downtrend that started in March this year. As a result, if BLD starts to break down from this point, we should expect it to head to a new low for the year. Strong support can be found at $4.50.

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