Bowleven

Small long here @ 36.75, on the breakout, tad speculative, but looks goods for ATM,

uk.advfn.com/p.php?pid=chartscreenshotsh...+Do=&symbol=L%5EBLVN

Regards,
Trendfriend.

uk.advfn.com/p.php?pid=chartscreenshotsh...44%3D&symbol=A%5EAPT

A very nice chart.

Breakout yesterday from symmetrical triangle held into the close. Close also above ma50. Problem is that RSI resistance held firm and volume Friday was average at best.

SP is coiling into the apex (ma's also coiling) and IMO if this current breakout does fail (I expect it to) and we revisit support in the 33 area I would expect this to explode through resistance next time around. Target would be 47, which also happens to be the recent / June high.

I know that many on here are pilgrims to the horizontal breakout. Fridays high stalled at 37.50 breakout point of last swing high.

Monday's price action, volume and RSI will be worth monitoring.

F4T

This is behaving nicely. 33p is the approaching support which should prove quite solid for a bounce.

uk.advfn.com/p.php?pid=chartscreenshotsh...1w%3D&symbol=A%5EAPT

uk.advfn.com/p.php?pid=chartscreenshotsh...5U%3D&symbol=A%5EAPT

Trendline support didn't hold yesterday but horizontal support did. Volume was fair on the fall and we had a bounce off RSI support. There is also nice divergences on the 32.25 low. Still has some promise IMO but I am disappointed that 33p didn't hold.

F4T

Hi F4T

Do you have any updated thoughts on BLVN at all?

Thanks for all your input on GKP BTW - I always find it really helpful even when we are in virtual freefall

As I am sure you know fundamentals are in control of this one. I have no further thoughts to add except that 32.25 looks quite solid right now.