look for the rsi to have a divergence. If the price stays the same and the rsi starts to move higher then it can give an early indicator.Also you can draw a trend line on the RSI and if that breaks before the short term trend line on the chart it can give an indication of possible move in price to come.
Obviously you can get false break outs but look to use with the 123 low method for added signal.

The I drew the trendlines from historic points only and was surprised to see that both appeared relevant to recent price movement.

Regarding the rsi what specifically would you be looking for as an indication. It has been having a bit of a ding dong battle with the trendline over the last few trading days.

www.dropbox.com/s/v93ytk8t32uejyi/Screen...%20at%2010.52.53.png

I agree with your penny share remark and BPC has a mind of its own, but when I have read it right its been very rewarding.

Hi twl2009
I would agree with your levels with the 123 low.
Id do the trend lines differently thou due to the price dropping back down. Id adjust the trend line to suit after the drop.



I also have the main down trend line a lot further away as i have the tops touching.(this is just the way i do it and everyone has there own way) Im not saying your wrong as every one has there own methods
Once the price drops through the trend line id look at the short term trend line



so if it goes above 5.37 then that would signal the 123 low possibly and a move possibly to the short term trend line at 6.64 as of today(this changes daily)
Look for the rsi to give you a heads up as well like a move higher.

Being a penny share technicals can be a pain so bear that in mind

apologies for the obvious labelling on the 123 low that was for another board

Weekly chart
www.dropbox.com/s/ktkp2f3wtpwa9t6/Screen...%20at%2014.45.38.png
Daily chart
www.dropbox.com/s/m4jrlb3sdm10kqa/Screen...%20at%2014.52.53.png
123 Low??
www.dropbox.com/s/orrc1ux6y58pce1/Screen...%20at%2015.05.25.png

Would be very interested in peoples comments, dont know if \I am looking to hard to try and justify a position I already hold, but I am tempted to believe a move back towards the uptrend might be on the cards.

Again very interested in any comments or other views of the chart.

Twl