Technical analysis by Zorroreny about Symbol BAL: Buy recommendation (5/5/2025)

BAL is oversold with bullish divergence. It broke multi year diagonal resistance line and tested it from above, doing similar pattern to OM before it went for crazy bull run.I am expecting bounce up and strong push toward May 2021 pivot (fibb 0.886/ATH range). If we manage to hold there, do a consolidation with series of higher lows, then expect breakout to new ATH with max potential target being fibb 1.618 extension triggering big correction - similar move to OM.