If the OakTree talk getting serious, then the SP will jump not just in cents, it could open at $4/$5. It all comes down to the accounts, we will see it very soon, live or die. My bet is that it does have healthy value given the banks still allowing 40% hedge on this stock suggest it is widely accepted as a high risk but ok for investing.
On technical side, the EMA crossover shown a monthly developed very bullish trend and it does not look like a false breakout, so I would predicting the pullback is over and the trend will continue towards to the release of the financial report and the OakTree talk.
BLA Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
