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.


Disclaimer: Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.

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