BLY boart longyear group ltd

where will it be when bly reports?

  1. 8,720 Posts.
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    I've posted this opinion recently but my chart analysis continues to suggest the same target price leading up to the release of results late Feb:

    2010-01-20 BLY daily chart

    I'd hoped to analyse the volumes traded at each price level as price dipped over the last week to 37.5, but my charting package won't let me do that. I'm not energetic enough to download the coarse of sales for each day & do it manually. Suffice it to say then the decrease in volume coincided nicly with the decrease in price over the last week, and has now picked up.

    The most interesting thing for me is that the stochastic now looks like bouncing nicely off that bullish trendline (although still requires confirmation).

    Judging by the speed angles, the next move could take us to the 42-45 range, however I would expect consolidation after that till results are announced.

    Let's see...

    Cheers all, Sharks.
 
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