1) Ascending Trendline, (blue line) - "In this upward trending stock, the bottoms that meet the trendline could represent bottoms of intermediate-term trends, and buying opportunities. If the trendline is penetrated, it may signal a trend change."
http://www.iqchart.com/101/patterns_astrend.asp
2) BLR broke through it's long term resistance, (red line), & fell back to a major support level, (green line).
http://www.leavittbrothers.com/education/technical_analysis/overlay_indicators/price_by_volume.cfm
3) Flat MACD shows trend has run out of forward momentum, which is supported by the falling slow stochastic.
4) Plus 40 ADX shows BLR is in a strong upward trend, (DMI+ above DMI-) & it's rise this week is a buy signal.
http://www.incrediblecharts.com/technical/directional_movement.htm
IMO, DYOR
Regards
Chalea
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