blr chart, page-9

"could you post a chart for bar (and your thoughts) have been a long term holder there too"

Hi Fore,

Long term chart, (large), has ADX @ 30, (means BAR is 'only' trending for now, above 40 = a strong trend). Positive & rising MACD shows momentum is increasing.
3 weeks ago SP made a new all time high but fell away & last Friday a new all time closing high was set. Volume has fallen away in the last 2 weeks indicating uncertainty &/or consolidation.

Short term chart has BAR breaking out from an ascending triangle 'but' not above large volume by price resistance & not on much volume compared to the false breakout day 3 weeks ago, (more uncertainty, especially on the day the new all time high close is set).
The larger version of this chart has the ADX turning up while above the other 2 lines. If this buy signal was supported by the MACD crossing it's signal line from below on greatly increased volume I'd be bullish.
If this doesn't happen then the short term trend line since early April will be broken & 'I think' BAR will fall to support in the low thirties, (old ascending triangle breakout level & large short & long term volume by price support).

Good luck with your investments, (especially BLR)
Chalea