BAL - Chart, page-614

I'm really liking what's unfolding here:

-Double bottom (hopefully- with a slightly higher second low which is bullish)
-RIC flattening
-RSI oversold
-Overhead gaps
-Weekly downtrend in sight

If it drops below $9 this week, the setup has obviously failed. If we can convincingly get through $10 I believe $16 is the next the stop, it's the 50% retracement of the falling range and 100% extension of the double bottom as well as a natural level.

I'll be watching closely this week with my finger on the button.