BAL - Chart, page-1141

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10/04/19

20:44

Post #: 38086801
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Originally posted by anthonybu: ↑

DO NOT base a buy/sell on this;

Here is the weekly chart. Currently not looking good short term. Nor is the daily chart.

This is an early analysis, and will watch to see if it comes true, and change based on new data points, but;
the weekly not looking good, need to see close on Friday, if lower then now then very bearish.
off a bad close at end of this week I will call low 9s now, possibly slightly further depending on the fall pattern to this point.
I expect a dead cat bounce at high 9s / low 10's
I expect this to test the 200EMA (currently at 9.95), and likely cross it, testing some weak holders and stop losses, before bouncing back up.

I said earlier this year, the big boys will buy this on the way up, and short it on the way down. If this down prediction is correct, then it will be another data point to confirm an uptrend for this year. Short term pain, long term gain!

All, IMO, GLTA.

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^^^^Just poping this back up as people starting to discuss technicals. Currently I see no indicators to change this call for low 9s, with a small bounce possible at high 9s.

RSI 14 on daily and weekly is mid range.
MACD heavily down on the daily and turned down on the weekly.
Shorts are controlling this and milking the volume for as higher price as possible right now.

BAL Price at posting: $10.28 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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BAL - Chart, page-1141

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