BLVN daily 23/09/13
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It seems I was right to stay out of this as we're back here at 56p today and, again, close to that major support at 53p.
It's worth going long from there with stops below the round number of 50p as it's such an important level. If it goes then next supports are at 38.25p, 33p and then 20p.
Resistances (place to take profit if the trade works) are at 65p, 71p and 76p, the latter, not only a price high but also where the downtrend resistance will be in a week or two's time.
It's worth going long from there with stops below the round number of 50p as it's such an important level. If it goes then next supports are at 38.25p, 33p and then 20p.
Resistances (place to take profit if the trade works) are at 65p, 71p and 76p, the latter, not only a price high but also where the downtrend resistance will be in a week or two's time.
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