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TA on point or what? Haha. Lets hold 8.30 today!

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anthonybu

189 Posts.

98

01/03/19

10:40

Post #: 37617075
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Originally posted by anthonybu: ↑

Chart update;
Trending on the support line from 7.08 low mid Jan (upward).
Sell downs below this line, below support at 7.90, and at lower boilinger band is getting rejected (fairly promptly during the day).

Late arvo run today with a close just under 50EMA.
Todays candle resulted in green hammer, this generally indicates breakout to the upside (with confirmation based on tomorrows candle if higher high, higher low and higher close price).
First target to break is the low 8.30s and hold it. If so no doubt this will run to high 8s, with next target to crack low 9.0s and hold.
If so, great news for Longs!

The reverse of this is that big players who still believe in shorting this have manipulated this close to suck people in tomorrow.

All IMO, and GLTA!

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TA on point or what? Haha. Lets hold 8.30 today!

BAL Price at posting: $8.42 Sentiment: None Disclosure: Held
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0 Great analysis

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