Last week BLD broke above resistance to make a target of $5.85 which probably doesn't pass the risk reward test being so close to current price. However, it is strong reliable (if somewhat volatile) performer that could do well in a long-term portfolio.

BLD 5 Feb 21

13 November 2020

BLD is coming off what is probably a price cycle low. Price has closed for 2 consecutive weeks above a downtrend line, has confirmed a new uptrend (with price above same) and made higher troughs and peaks on the weekly chart. Considered as a potential medium to long-term trade.

BLD 13Nov2020


Robert Norman

Phone: 0428 346 951

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