BLY 0.00% $2.91 boart longyear group ltd

chart - looks good

  1. 476 Posts.
    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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