TA chart, page-5

Not much excitement to be had, that's for sure. Good news it that there is obviously some accumulation going on, and shorts have backed off, although they have not covered in any significant way. BAL is #10 most shorted stock on ASX still. So lot's of potential to go higher on short covering alone.

Rerating looks to be taking place with regulation risks subsiding. Will trade in $11.50-$12.50 range, not $9.50-$10.50 as a month ago, until we get some news.