BLVN

A picture paints a thousand words

colebrooke1,

all gaps are closed. You need to take the high on 21/2, not the close to determine gaps. The previous days range is also a factor.

F4T

There is a gap to close from last week. On the 21/02 the sp closed at 75.61 opened higher next day on RNS with the low that day being 78.50. BLVN has historically always closed it's gaps.

With the well flow test results a good 4-6 weeks away it may yet retrace fully to 72p perhaps further.

A catch up on Blvn.

We had a perfect double bottom W with an assumed target of 88p. SP hit 86 and has retraced in the face of negative MACD divergence. Currently hovering around the 61.8% fib at 77/78, which also coincides with another trendline support from 2012 across the peaks of the W.

Could bounce from here but my gut feeling is a retrace to next support at 75p, being the peak between the double bottom, before a move north. This might imply a full retrace to 72p though.
Financials out 20/3.

Resistence at 86, 89 and then 95p.

uk.advfn.com/p.php?pid=chartscreenshot&u...Dh5ZeIPER9DPlUfYiCu4

F4T

A perfect prediction I would say. Hope everyone was paying attention and are now reaping the benefits.

F4T

Food4Thought wrote: We have positive MACD divergence and a potential double bottom forming on the daily after yesterdays doji. Could be a bottom and turning point IMO. Neckline and resistance would be in the 75 area if it plays out.

F4T

lol lol lol waverider2, please read the whole thread.... and you should get my rationale... for buy... if you read all the blvn threads on here, you can see I posted when I bought it.
Or may be you can check blvn bb few days back when i mentioned the entry....
people like you make me really sick.. to post anything.... on chartsview..... sarcasm.... lol lol innit?