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BAL - Chart, page-799

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williak

5,354 Posts.

21

24/03/19

19:32

Post #: 37867501
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Originally posted by AussieWyckoff ↑

Friday saw BAL get that spring back above the selling climax level. Took out the supply line and moved higher on good demand. Notice the pullback was on quite light volume. Demand is overcoming supply. I think we may retest the $10.89 level on Monday. To push lower than the $11 mark will certainly have an effect on any weak holders currently in the market. If this in fact plays out as re-accumulation, we should see the next leg up take out the top of the trading range ($11.50), before probably dipping back under that for the last point of support. If we get that then mark-up will occur and we will probably test the $12.45 - $12.75 level.

I will continue to update the chart next week.

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Do you think that will happen, irrespective of what happened on wall street on Friday?

BAL Price at posting: $11.08 Sentiment: None Disclosure: Held
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0 Great analysis

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