BAL retested the highs earlier in the month today and look at the volume, significantly less supply around. We are in that spring position I spoke about, we really need to see that demand come in tomorrow and move up through the $10.89 level and then move higher and take out that supply line. We need to see that change in character and have nice wide demand bars come in. If that happens, we should retest that $11.50 area. The point and figure count is $12.15 on this intraday structure if it is confirmed as accumulation. Looks a lot like the pullback between the 6th and 14th March.
I am now holding a position in the stock again.
BAL Price at posting:
$10.77 Sentiment: Hold Disclosure: Held