$JSEBAW - Barloworld Ltd: At Critical Juncture, Will 7984 Hold?
The last coverage of BAW was on 2023.03.29 and I raised the possibility that the stock could have bottomed at 7984, link below.
The company released its interim results H1'23 three days ago which I have yet to read and i highly recommend you read for yourself.
Current price action is strong to the downside and aggressively approaching 7984.
For the bullish outlook to remain intact, 7984 must hold as a break below this level will confirm that the downtrend is still ongoing.
We should get an answer soon.
Until then, I will sit on my hands and monitor price around this key level.
The company released its interim results H1'23 three days ago which I have yet to read and i highly recommend you read for yourself.
Current price action is strong to the downside and aggressively approaching 7984.
For the bullish outlook to remain intact, 7984 must hold as a break below this level will confirm that the downtrend is still ongoing.
We should get an answer soon.
Until then, I will sit on my hands and monitor price around this key level.
