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09/06/09
08:49
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Here is a chart showing the break out on BLY.
* Note the break of the down trend line - Very important.
* Down trend was broken on strong volume - follow through has been on strong volume - Friday was the 3rd highest volume day in the last 12 months.
* Stochastics are in Bull mode and MACD has crossed up - suggesting momentum is to the upside - could easily run further.
* Needs to hold support now at 15 cents.
* Robbb has got me looking at speed angles(lol) so i threw one in....shows that a move to around 24 cents is possible.
Looks good if the market behaves.
Good Luck.
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