Wow, congrats to longs who bought low and shorts who sold highs!
Admittedly, I missed the buy in at ~9.60 despite me watching it closely at the point of convergence for support indicators I noted in my previous post. Was waiting for some upward momentum, but this came out of nowhere!
Bringing it back to the charts for some 20-20 "hindsight" wisdom.I only want to add one thing about a nice confluence Fibonacci retracements and time projections (black magic voodoo stuff for some...) I noted two days ago but failed to act on quickly today:
1) 1 fib projection from 18/10/19-24/12/18
2) 0.618 fib retracement from 28/2/19-2/4/19
3)1.272 fib extension from 14/3/19-2/4/19
4) 1 fib time from 7/2/19-27/2/19 projected from high on 2/4/19 - 15 trading day symmetry, hitting perfectly on the 1 red line (wow).
Align this with the 200SMA/trendline/support line at ~9.2-9.3 and magic happened today. :O
BAL - Chart, page-1412
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