Blackmores Limited

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Blackmores Limited is engaged in the development, sales and marketing of health products for humans and animals, including vitamins, herbal and mineral nutritional supplements.. It has declined >50% in the past 2 years, but it may finally be turning the corner as its RSI is showing relative strength & its trading between its 50% – 61.8% fib retracement from its 2015 highs. The safer long trade would be to wait for it to break above $120 with strength. Going long now would be higher risk due to it being stuck in its trading range of $98 – $120.

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