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.)
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