BLVN

Little bounce there off your 56.5 support F4Th did u catch it?

Free trade now

Good opportunity for a quick buck here this morning. Bullish divergences on the hourly after a quick fall to a historical support of 56.50

uk.advfn.com/p.php?pid=chartscreenshotsh...I%3D&symbol=L%5EBARC

Low of 57p yesterday, so not quite to 56.50 and nice bounce today. Could spell double bottom. Pretty much as planned ;o)

I have taken a wider view of Blvn this time to illustrate the origin of current support that is being tested and the falling wedge.

uk.advfn.com/p.php?pid=chartscreenshotsh...NklbNUp4PLe3G%2FU%3D

RSI support broken yesterday and if confirmed by price action the trendline break brings the falling wedge into play and a bottom of 56.50 support (magenta). If we get to 56.50 this may lead to a breakout north of wedge resistance and a double bottom, which would likely be material. One to monitor in the coming week or so really.

Blvn now testing trendline support and RSI support at ~60p. Is this finally a run on 56.50?