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Peet_Serfontein
Aug 7, 2023 5:31 PM

BALL: inclining channel correction? Short

Ball CorporationNYSE

Description

A dip in price below 57.00 provides evidence in favour of a bearish trend trajectory.
This negative direction is further substantiated should a breakdown occur below the 56.00 mark.
The target price is set at 53.00, with a stop-loss set firmly at 60.00 to mitigate risk.
A bearish MACD crossover is also applicable, reinforcing the negative forecast.
The win/loss ratio is at 1.7 to 1.
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