Nice morning for the longs! Kudos @anthonybu and @Patterns for getting the 200MA/~9.80 support levels spot on. My initial thoughts were that the 200MA wasn't significant support, based on historical patterns. 50MA was always a better support/resistance indicator for me. But hey, the market speaks!
I jumped back in this morning after noticing that the bull flag/consolidation was broken to the upside yesterday. Buyer:seller vol was almost 2:1 end of yesterday, and clearly growing more today at 3:1. Plus yesterdays close with 3M vol was added confirmation.
Observations / targets:
1) 1st target: resistance $12.24-12.37 (from Aug 18)
2) 2nd target (based on TA charting of prior run before bull flag) - $13.55-13.69 (also historical resistance from Jul 18)
Critiques welcomed! All the best to longs/shorts.
BAL - Chart, page-696
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