Our ALGO engine triggered a buy signal on BBOZ at $14.50 on May 3rd. This “higher low” formation is referenced to the low trade of $14.40 on January 10th.
BBOZ is the BetaShare ETF linked to the ASX 200 Stock Index. When the index falls, the price of BBOZ will rise, and vice versa.
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We calculate that the price of BBOZ will be near $16.90 when the ASX 200 trades back to the April 3rd low of 5680.
Since reaching a high of 6135 on May 18th, internal momentum indicators have been trending lower for the ASX 200 Index.
For more information about BBOZ and opportunities to trade ETFs, in general, call our office on 1-300-614-002.
BetaShare ETF BBOZ
