That is what TA suggests. We have 200 EMA and the long term uptrend line sitting there at around $15. IMO, you need a serious downgrade of the stock by some bad news to break those resistance levels. Otherwise on no news, that is where every previous leg has consolidated to. So, I would say it should be a buy now, unless otherwise proven.
We might have one more small cycle in the downtrend channel, but SP shouldn't get any lower.
BAL Price at posting:
$15.08 Sentiment: Buy Disclosure: Held
