BAL - Chart, page-580

Long time lurker. Not really here to prove a point but posting to objectively get critiques from those relying on TA; I like a good discussion and opposing views based on data

My observations so far:

1) Watch the order book depth from both sellers and buyers. After the recent pop largely due to overwhelming buyer:seller volume, which at one point was almost 4:1, both sides have now largely equalised. I expect a few days of consolidation until this ratio is skewed one way or the other.
2) Resistance from 1st Oct 2018 has been obeyed within the $10.26-10.50 range
3) Next support level below at $9.15-9.30 range, which coincidentally aligns with Fibonacci retracement of 0.5 / 0.618. Depending on timeline, this might meet up with upward trendline as well.

I've chosen to sell at this point, with the view that there's a high probability of retracement. Will wait for the price/vol to signal direction or significant breakout.