BAL - Chart, page-504

First a look at the weekly chart:
Its currently looking bloody terrific...lets get that straight!  Almost ground floor for long positions one would think.  Giddy Up!
However, its broken boilinger bands using 3 standard deviations.  BAL has literally only ever done this a handfull of times.  Each time it then retraces.



Next the Daily Chart:
Has passed the 200EMA, golden cross! Well done!
This has risen 50% in 6 days!
However, todays breach of boilinger band and large upper wick indicates it has hit a maximum for the short term.  This needs needs to be confirmed tomorrow with a lower high.
If this isnt at the top (short term), then its close to it!  RSI is overbought, diverged a long way from 50EMA, large sell down in the afternoon.
All these intdicate it is much more likely a sell position then a buy.
It will be interesting to see over the next week how hard the big boys play this given recent volatility.
As always, GLTA....great year ahead (hopefully)!