Potential But Entry BKL

BKL – Blackmores Limited

BKL is right at a resistance level and set to break up and through to new highs. This well know nutritional supplements company has cleaned out a lot of buyers from the move higher in 2015 and we are now watching for another run at the highs. With recent quarterly results showing a return to growth, we expect to see the buying to continue. Watching now for a higher low to build and buyers ramp price up through 160.00.

Stock Code : BKL – Blackmores Limited

Company Website : www.blackmores.com.au

Current Price : 159.83

Status : On watch for buy entry setup