Face the firing squad

[sponono]

Taking hit today. The technicals tell me a reverse head and shoulder is brewing with a buy at a close above R85. Maybe today is the day to accumulate a small position. Any other views?

[BC02]

if we looking at the same picture, it seems your on the right shoulder. Noticed the 50/200 is pointing down and price is below 200. Stochastics has a bit of -ve divergence as well.

Not saying dont go for it just saying be careful, dont risk a lot and maybe by more once it breaks through 85. IMO. Good luck

[Rams]

Agree but now maybe a small short...to about 75. No trend for the head and shoulders to correct so this pattern itself is a correction to about 75...trading in range between 75-85 and possible breakout with a close above 85.

[sponono]

here's my take: 3 year support is at 72, two year support is at 66. the reverse head and shoulders is a buy an a close above 85. the waiting game (watch CAT and BEL as well) begins.

[sponono]

glad I took a bite at 79. CAT also up in the US 2%.

[Vencat]

Macquarie downgrades the share, others call it a buy (incl OST) Aug 6 (Reuters) - Barloworld Ltd : * BPI Capital starts with buy rating Just how opinions differ

[Pots]

Anyone care to guess how far BAW will drop before finding support. Its now below the 3 year support of R72.00