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Potential Buy Entry Alert to Watch BAL
Time Frame : Daily/Weekly
Sector : Food Beverage and Tobacco
Key Stats : $921.68 Million Market Cap, VWAP 8.178, ASX Ranking 244, 4 Week Av Turnover $13,345,900, Current Turnover (Intraday as at time of alert) $2,359,575.
Company Overview : Bellamy’s Australia Limited (BAL) is a Tasmanian-owned company offering a range of organic food and formula products for babies and toddlers. BAL has operations in Australia, China, and South-East Asia and also delivers its products through an online portal to the customer. The Company offers Australian-made and certified organic 30 products made with non-GM ingredients, with essential vitamins and minerals that are tailored to the needs of babies and toddlers.
Broker Consensus : BUY/HOLD
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BAL – Bellamy’s Australia Limited
BAL has recently gathered some steam as buyers push price off lows and up and out of contraction. We are now watching for confirmation that buyers are in control and happy to continue higher. Watching for a higher low and the buy entry setup.
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Stock Code : BAL – Bellamy’s Australia Limited
Company Website : www.bellamysaustralia.com.au
Current Price : 8.19
Status : On watch for potential higher low and buy opportunity for a run higher
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Previous Alert 24/01/19
Potential Buy Entry Alert to Watch BAL
Time Frame : Weekly
Sector : Food Beverage and Tobacco
Broker Consensus : BUY/HOLD
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BAL – Bellamy’s Australia Limited
The way the markets are currently, finding high probability trades is difficult but BAL may be one to keep an eye on. Price was savaged last year from around 23.00 down to 7.00 but we are now seeing signs that selling pressure is letting up. If this is the case then its a matter of time when bargain hunters enter to build a higher low and start the run up.
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Stock Code : BAL – Bellamy’s Australia Limited
Company Website : www.bellamysaustralia.com.au
Current Price : 7.84
Status : On watch for potential higher low and buy opportunity
