i am back

As several conditions have been fulfilled (for details please see below) I am back into the stock today in the morning at 37c. These conditions are:

- low of 35c has been confirmed by at 3 candles (one of the conditions mentioned in my previous message as usually the low on each stage of BLY price movement is confirmed by at least 3-5 candles)

- a relatively large trading volume of over 69mln shares (it is still not a 100mln expected) yesterday

Taking into an account
- a very positive sentiment on the market now and usually
- positive stocks movements during January

I am expecting that the above mentioned conditions will put a little bit of fuel into the BLY price. I hope that with the above mentioned conditions a weekly closing price for the stock of at least in the range of 38c-38.5c will lift the stock price next week to the level of above 40c. Also in this case I am expecting the trading volumes this week should be in a range of at least 300-500mln shares what is significantly higher of the trading volumes during a couple of weeks before. Also a week closing price of 38c+ will finish formation of a bullish reversed head and shoulder pattern with a next target of ~48-49c

irynka