Ball will oscillate simple harmonically. The mean position in at depth
ρ=αh
or h=ρα=AB
hmax=2ρα=AC
Amplitude=ρα=AB or BC
From A to B: ρ>ρl, weight> upthrust
At B, ρ=ρl weight=upthrust
From B to C, ρe>ρ upthrust> weight.
From A to C→upthrust will increase and gravitational potential energy will decrease.
From C to A, upthrust will decrease and gravitational potential energy will increase.
From A to B, speed will increase.
From B to C, speed will decrease.