These are my support/resistance level in red boxes (I never use fine lines as it usually bounces within a range). Bit messy of a chart and purely subjective of course.
"Guess"-timations of a convergence at 9.20-9.30 (red circle)
1) 0.618 retracement line
2) Support line from previous high
3) Upward trend line
4) 200 MA blue line slowly trending up
27th Feb was reporting day, and I consider that candle an overreaction, therefore excluded to a certain extent with my Fib retracement point and trendline drawing. Again, very subjective.
That all said, I'd always place more emphasis on money management, and not losing what I can't afford with stop losses.
Good luck all (to both shorts and longs!). You guys amuse me.
BAL - Chart, page-1190
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