Looking for a trade in Brambles? The stock I suggest is going to fall back to previous support at $9.50. There is scope for a rally up to $10.75. I dont know much about this stock anymore since I recall talk of selling their pellets business, so this is purely a trade note. One should be mindful of a stronger AUD if they still have overseas investments. If they are sitting on cash, I suspect they will consolidate until the market knows where it is going.
If anyone can suggest more, I have set up a discussion forum at Google Finance.
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Andrew Sheldon www.sheldonthinks.com
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