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01/10/18
11:45
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Originally posted by bensh10
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Going back to my previous comment re A2M and BAL being decoupled. Again, both went down today, BAL largely recovered, A2M didn't. That will remain the case for some times IMO.
As for the TA, we are still in the uptrend channel, and will ideally stay there for some times. So far, we had two up-waves in that channel:
(1) UP $9.03 to $9.73
(2) DOWN $9.73 to $9.32
(3) UP $9.32 to $10.62
(4) DOWN $10.62 to $9.99
So I expect at least one more good up-wave in this leg (I'd say a good dollar and a half), if we believe the TA stuff.
Afterwards, it may keep staying in this channel or consolidate a bit, depending on how much the masters want to pump it up before shorting it for a few days; and whether we hear anything from SAMR.
Personally, I like red ASX days better as BAL tends to perform better.
I now believe consolidation to $9.85 is not that likely (today was the time to do it, if BAL wanted). For Monday, I guess we may see some early morning shaking of monkeys (I'd say to around $10.10) before moving up again. I think Monday will be green.
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Looks like it traded as suggested:
* Early morning monkey shaking
* Continued the run in the uptrend channel
* Low volume due to long weekend
* It went up to nearly $10.48 (which if breaks above, it indicates an imminent upward move, and attracts FOMO buyers)
Let's see how it plays out for the rest of the day.