BLVN

I'm long from the trendline and 68.25p support area with a tight stop:



dl.dropboxusercontent.com/u/20815047/BLVNdaily16_05_13.gif

I wouldn't want to see it get back to that 62/3p area as that means the trendline has broken (it could do this intraday, but I think that would have needed to happen yesterday as that was the trendline test).

Just my view

Possible higher low forming on this today. Here's the hourly chart showing what looks like a bull flag ending near the 61.8% Fib with an engulfing candle:



dl.dropboxusercontent.com/u/20815047/BLVNhourly21_05_13.gif

Just IMHO. I've got my stops at B/E at 68.75p and will add to my longs if there's a 123-low breakout above 73.5p

It has also made a higher low on the daily - it is pressed up against the uptrend line which goes back to June 2012.

This looks like its breaking out of the 123 low ...this also came right at the trend line...






The trend line on this chart has not been adjusted but you should get the picture

It really could do with closing above 73.5p. I have an initial target at 78.5p for this (top of what might be wave 3).

Jackozy can I have a link for your blog that was linked on iii that got pulled down before I had a chance to look at it?