ALGO Buy Signal For Brambles

Our ALGO engine triggered a buy signal for BXB into yesterday’s ASX close at $10.39.

This “higher low”pattern is referenced to the intraday low of $9.55 posted on August 8th.

You're not a member!  Trial today!

As illustrated in the chart below, BXB has filled the price gap dating back to mid-August, which will provide good support down the the $10.00 area.

We have an estimated upside price target near $12.75 over the medium-term.

Brambles

 

 

Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2020 Investor Signals