BLVN

So sorry to hear your sad news.

Our condolences go out to you and your family.

sorry not been around much , step sister died on Tues .

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

pj

Quick reminder on this one for a possible Christmas present

It's getting close to multiple supports at the 67p area:



dl.dropbox.com/u/20815047/BLVNdaily30_11_12.gif

Uptrend support, horizontal support and 61.8% Fib support...a bounce from here could bring a wave 3 up with a target around the 128p area (no promises!!!)

Trendline support now confidently broken. A Break of 72 will IMO send the sp into the low 60's. Sell point was the close below 77 last Thursday.

Supports: 72 (29/10 low / 100 retracement of move), 62.5 29/8 low
Resistance: Lots to get through i'm afraid including all major MA's, broken support trendline and to 79.75 being 20/11 high and down trendline.

Chart from 26/11

uk.advfn.com/p.php?pid=chartscreenshotsh...eWlMV&symbol=L%5EGKP

F4T

I closed a short position in BLVN as it reached the support at 76.25p on the IG 15 minute charts.
It has first resistance at 79.48p.

Apologies for not posting it live but I was long but it failed at the 83.13p resistance and I had entered too impatiently. Went short sub 80p

I was aiming for the 70.5p support on the daily.

I used to dismiss IG Charts but am finding Supports and resistances quite good.

Dotted lines for minor supports/resistances, less dotted for less minor and solid lines for inter.

Thick green lines for Major supports which get thicker more major. Keep swapping time frames to see them at different charts as levels change on time frame.

I use daily charts end of day.

Just a tip for end of day charts users

If your taking end of day prices only for trendlines then use a normal line chart rather than Candlestick charts. Candlestick charts are for advanced use.
Line chart will plot so much easier than a candlestick.