Ball Corporation (BLL) - Trade Stocks

Ball Corporation (BLL)

By Tue, Sep 15, 2020

Hey there,

Today’s Chart of the Week is a classic example of one of trading’s most classic patterns.

We’re looking at Ball Corporation (BLL).

This stock is ready to soar thanks to a perfect setup.

You probably notice the classic “Kilroy” graffiti on here, which was huge back in the days of WWII.

For technical analysts, we see Kilroy and we think head and shoulders.

Or rather, inverse head and shoulders.

And this chart is a perfect example of an inverse head and shoulders.

It’s one of the most well known and proven patterns in technical analysis, and it makes BLL a tantalizing trade this week.

✅ Perfect continuation pattern
✅ Positive momentum
✅ Great relative strength
✅ Phenomenal risk to reward ratio!

With all that stacked in our favor, we are LONG in Ball Corp. above $81.

If it’s not above $81, we’re not touching it.

But above $81, we are long with a target of $112 — almost a 50% target.

This one looks great on all fronts.

JC Parets


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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.