Recent drop occurred from a H&S pattern from all time high of $23 extending down to $8. Expecting very good entry prospects in BAL below $8 to see if the Inverse H&S pattern plays out. If successful, can lead to share price appreciation to approx. $14. Also RSI below 30 indicating oversold. Shorts are also very high according to shortman which should soon cause a short squeeze.
Fundamentals very strong as well with no debt in a growing sector. Future catalysts includes AGM to confirm growth on 26th October and CNCA approval to export to China. (China accounts for low amount of revenue according to financial reports.)
Fundamentals very strong as well with no debt in a growing sector. Future catalysts includes AGM to confirm growth on 26th October and CNCA approval to export to China. (China accounts for low amount of revenue according to financial reports.)