BLRs uptrend has been in place since the 24th Nov 2008, & now extends over a period of 6 Weeks
80Million+ Shares Traded With a 258% Increase Average weekly gains over the past 6 weeks currently at 43%
The signals for the Accumulation/Distribution Line are fairly straightforward and center around the concepts of divergence and confirmation.
Bullish Signals A bullish signal is given when the Accumulation/Distribution Line forms a positive divergence. Be wary of weak positive divergences that fail to make higher reaction highs or those that are relatively young. The main issue is to identify the general trend of the Accumulation/Distribution Line.
A two-week positive divergence may be a bit suspect. However, a multi-month positive divergence deserves serious attention. . . Cheers to all BLR Holders . .
BLR Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
