BAL - Chart, page-1523

Very much still a no go zone for me. The price has been unable to penetrate the downward trend line and on the weekly chart it continues to put in lower lows and lower highs. I still see sub $6 as a very good possibility, and I would be looking to take a position if indeed it does drop that low. On the flip side, if we do continue to see the price claw back the recent decline, I would be wanting for confirmation of a buy signal at a price above $9.10 - this coincides with previous resistance this time last year. My prediction though... the price will remain below $9 through to end of 2018.